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ERCOT 2017 Spring Quarter Outlook

LCG, March 27, 2017--Earlier this year LCG Consulting published a first quarter (Jan – March 2017) study looking at how the ERCOT grid can cope with strained network conditions. LCG just released a new report that extends the analysis to the 2017 spring season (March through May). Weather is a key factor in considering resource adequacy for the region, and spring is a season that sees significant maintenance work before more extreme summer loading conditions.

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What can ERCOT expect in 2017? Two new studies published

LCG, February 27, 2017--LCG Consulting has published two reports using its premiere grid modeling software, UPLAN, to model ERCOT in 2017 with 5-minute dispatch.

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HISTORY

Thanks to LCG, in 1983 if you wanted to optimize your generator dispatch, you didn’t needed to pay a lot of money for a mainframe computer and the computer scientists to program it; in 1988, if you wanted to use a financial or engineering based program dedicated to the energy industry, it wouldn’t have to be text based; in 1990 if you wanted to analyze the emerging energy markets, you wouldn’t need to speculate; and in 2008 if you want to accurately forecast the physical and financial operations of a deregulated electricity network, you can.

Incorporated in 1983, LCG Consulting has been dedicated to providing clients with the information and tools necessary to navigate the complex dynamics between the physical and economic aspects of large energy systems.

Based in Los Altos, California with offices in Paris France, our client base stretches around the world and consists of players from all aspects of the energy industry.

From optimal generator dispatching programs running on the first generation IBM PC to natural gas contract evaluations to FTR valuations and merchant plant analysis operating on computing grids, LCG has always been a pioneer.

Since our founding, we have done thousands of studies for hundreds of clients. Our software models have set the standard for excellence in the energy industry and our efforts have been utilized for a wide variety of applications including:

  • Asset valuation and strategic planning
  • Simulation of electricity and gas markets
  • Electricity price forecasting and volatility analysis
  • Development of bidding strategies and portfolio optimization
  • Transmission, generation and new entrant analysis
  • Simulation of ISO/PX operations
  • Merger and market power studies
  • Emissions modeling and trade analysis

Our success and longevity can be attributed to our ability to maintain an edge in the theoretical aspects of energy system analysis and technology in general. We are fortunate to have an excellent and energetic staff with leaders in academia, power system engineering and computer science.

Interested in working for LCG? See what's available at LCG's job announcements.

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Generator X
Generation and Transmission Planning and Optimization
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
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Monthly summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service