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LCG Publishes 2021 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, March 11, 2021 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2021. The Outlook represents the operation of ERCOT wholesale electricity market under “business as usual" conditions, as is always the case in the Outlook.

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Winter Storm Event Decimates Texas Power Supply

******** February 19, 2021 update--The Electric Reliability Council of Texas (ERCOT) expects to come out of emergency conditions later this morning, the wholesale electricity prices is back to pre emergency level. ******** LCG, February 18, 2021-–Extreme winter weather swept across the central and southern states over the week beginning Feb 8, bringing record low temperatures and heavy snow.

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CAREERS

LCG Consulting is a consulting firm that addresses the analytical needs of the new energy markets. We are engaged in software development and analytical support in the field of energy markets, pricing and risk management. To support our rapidly expanding client base, we have immediate openings for the following positions.

Senior Electricity Market Analyst : LCG has openings for highly motivated Senior Electricity Market Analyst to develop and manage consulting projects using our in house models for LMP, congestion and wind curtailment analysis. Read more

Model Developer : LCG has immediate openings for highly motivated engineers and model developers for application implementation. The successful candidate should have modeling experience preferably with Operation Research background, and be knowledgeable of optimization techniques and legacy models written in Fortran. Electrical engineering background is preferred. Read more

Qualified candidates send resumes along with a cover letter indicating job title, earliest availability and expected salary range to info@energyonline.com.

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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketVision
Daily LMP Forecast for ERCOT
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service