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Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

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Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

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Press Release

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. The report outlines future operation of the ERCOT nodal market, including Locational Marginal Prices (LMPs), load zone prices, hub prices and expected congestion.

However, this winter has brought anything but business as usual to Texas. Severe and persistent winter temperatures led to large-scale generators outage and natural gas curtailment, and subsequently widespread black outs and public outrage. Although ERCOT had returned to more normal operating conditions, the crisis is not yet over, and the Public Utilities Commission of Texas and legislature are actively considering changes to the system and market. If and when changes are enacted that may affect ERCOT, LCG will issue an addendum and perhaps analysis from further studies in Texas.

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Readers can DOWNLOAD the Report clicking the button above. For more information on LCG’s products and services, contact Julie Chien at julie.chien@energyonline.com

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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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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...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service