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News
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LCG, September 30, 2025--Vistra Corp. announced yesterday that it will proceed with the next phase of its capital plan to support grid reliability in Texas. In 2024, Vistra identified over $1 billion worth of potential capital additions in generation capacity within the Texas ERCOT market by 2028 if market conditions were supportive. Now, with West Texas' growing power requirements, particularly the state's expanding oil and natural gas industries, Vistra reached a final investment decision and confirms it will build two new advanced natural gas-fired power units on-site at its Permian Basin Power Plant.
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LCG, September 24, 2025--Electric Reliability Council of Texas Inc. (ERCOT) yesterday announced its new initiative to increase its efforts to fully use and apply innovation and transformation through industry collaboration to best overcome the challenges and opportunities facing future grid operations. The new Grid Research, Innovation, and Transformation (GRIT) initiative will advance research and prototyping of emerging concepts and solutions to better understand the implications of rapid grid and technology evolution and position ERCOT to lead in the future energy landscape.
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Press Release
LCG CONSULTING PREDICTS FUTURE VALUE OF EVERY PATH AVAILABLE IN THE 2024 CAISO CRR AUCTIONS
Los Altos, September 12, 2023 — LCG Consulting, a pioneer in energy market analysis and consulting services, is proud to announce its groundbreaking prediction of the value of every path to be traded in the upcoming 2024 Annual Congestion Revenue Rights (CRR) auctions at the California Independent System Operator (CAISO). This novel dataset provides rare insights for market participants seeking to protect their current positions through hedging strategies, while also opening doors for speculators to identify arbitrage opportunities resulting from topological differences between the grid used in the CRR auction and the expected grid in 2024.
The CAISO CRR auctions are a vital component of California’s energy market, allowing participants to manage congestion risk and optimize their revenue streams. Having access to the best possible predicted value of these paths is a powerful and essential tool for making informed decisions.
Key Highlights:
Comprehensive Path Value Predictions: Best-in-class modeling meets decades of electricity market expertise to provide the value of every path available in the 2024 CAISO CRR auctions. This comprehensive analysis considers a wide range of scenarios and factors that may impact the value of these paths. This approach sets a new standard for forecasting in the energy market.
Insights for Market Participants: Armed with LCG Consulting's predictions, traders, operators and utilities can make more informed decisions when it comes to hedging positions and managing congestion risk effectively.
Arbitrage Opportunities: Leverage LCG Consulting's predictions to identify disparities resulting from topological differences between the current grid and the expected grid in 2024. This information can empower strategic moves in the market.
Our predictive model for the 2024 CRR auctions represents a significant advancement in the field of energy market analysis. We are excited to empower market participants with the knowledge they need to navigate the complexities of the CAISO market effectively. This is a testament to our commitment to delivering innovative solutions that drive success in the energy sector," Dr. Rajat Deb, president of LCG Consulting.
For more information on LCG Consulting and its predictions for the 2024 CAISO CRR auctions, please visit www.energyonline.com or contact Madeline Chen.
About LCG Consulting:
LCG Consulting is a leading provider of energy market analysis and forecasting services. With a team of seasoned experts and cutting-edge modeling techniques, LCG Consulting delivers comprehensive and accurate insights to clients in the energy industry, enabling them to make informed decisions and thrive in a dynamic market environment.
Contact:
Madeline Chen
mchen@energyonline.com
(650) 962-9670 x 111
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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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