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Duke Energy Sustainable Solutions Announces 207-MW Ledyard Windpower Project in Iowa

LCG, September 23, 2021--Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy, earlier this week announced the construction of the 207-MW Ledyard Windpower project in Kossuth County, Iowa. Verizon Communications entered into a 15-year virtual power purchase agreement (VPPA) for 180 MW of the wind energy for 15 years to meet its net-zero goals.

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Illinois Governor Signs Energy Bill to Transform the Electric Sector

LCG, September 16, 2021--The Governor of Illinois yesterday signed into law SB 2408, a wide-ranging bill that will significantly impact the electric sector, along with impacts on the transportation sector, jobs and communities. The legislation requires 100 percent carbon free energy by 2045 and targets a path to achieve 100 percent renewables by 2050.

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Press Release

2021 Will Present New Challenges for Congestion Revenue Rights (CRRs) in CAISO

LCG, September 4, 2020--LCG Consulting completes a comprehensive congestion analysis for 2021 in California ISO (CAISO).

Market participants are busy preparing for the Congestion Revenue Rights (CRRs) allocations and auctions coming over the next weeks. They should pay attention to the changing system conditions that will impact their ability to acquire new CRRs and greatly affect the value of these products.

The state's energy market is navigating profound changes, from ambitious renewables standards to energy shortages and unprecedented growth in storage.

By performing a detailed market analysis, forecasting the hourly operations of CAISO through rigorous software simulation, LCG was able to determine that congestion patterns will be different than in previous years. For example, prices in the North of the State will not track the prices in the South as closely as they have in previous years. This divergence is due to a number of interrelated factors, including:
  • The retirement of many natural gas power plants in the Edison footprint
  • Significant transmission outages that will disrupt normal power flow patterns
  • New storage and solar
  • Limited capacity in the early evenings causing additional imports

Changes in congestion patterns indicate that certain market participants will be at risk when supplying power to locations different than where it is procured -- especially if they do not have congestion hedges or are hedging the wrong paths. Others may benefit greatly.

If you are interested in more information regarding LCG’s CAISO forecasts, please contact julie.chien@energyonline.com or 650-962-9670x110.


About LCG Consulting:
Silicon Valley-based LCG Consulting has been modeling power systems for more than 30 years. In that time, energy market participants and research institutions across the United States and internationally have relied on LCG models for every type of application, from electricity trading, plant siting, asset valuation, transmission planning and testimony support.
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