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News
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
Read more
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
Read more
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Industry News
Summer 2021 Resource Adequacy Scenarios- Revised Report
LCG June 11, 2021--LCG Consulting (LCG) has released its analysis of resource adequacy in ERCOT for summer 2021, as we do each spring.
Under expected conditions, in agreement with ERCOT’s expectations, our model shows the ERCOT region will have enough installed generating capacity to serve peak loading condition. ERCOT projects peak load as 77,144 MW with a total resource capacity of 86,862 MW.
However, more challenging conditions are always possible. This summer follows what may have been the most extreme weather event to ever test the modern Texas grid, February’s storm that is described as a 1-in-a-100 event. The state is still reeling from its effects, and electricity market participants are facing much stronger public scrutiny of reliability, as well as new legislation, some still pending resolution.
Resource adequacy analysis for the region is critical during extreme summer loading conditions. Reserves have tightened because of recent retirements. The ERCOT landscape is rapidly evolving, with significant transmission changes and unprecedented growth of renewables, particularly wind.
Beside using the conditions that ERCOT itself expects to model this upcoming summer, LCG chose three other scenarios to model: reduced wind output, increased generator outages, and higher-than-expected load.
Each scenario sheds light on where issues might arise and what magnitude of effects might occur.
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If you are interested in more in-depth analysis, please contact us at julie.chien@energyonline.com
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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