Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

Read more

NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

Read more

Industry News

Internet Startup to Tackle Real-time Wires Market; Now, if it Can Only Live Up to its . Name

LCG, Aug. 10, 2000--Fried Wire Inc., an Internet startup that plans to tackle the real-time electric power transmission market, said yesterday that it had completed its first round of financing and was ready to roll out its first product.

The Boulder, Colo. company received what it called a "significant investment" from Enercap Associates, a venture capital fund also based in Boulder. Both Enercap and Fried Wire are progeny of Resource Data International.

Ron McMahan, who founded Resource Data, is Enercap Fund manager. He noted that "electric power markets are evolving quickly" and said he was confident that Fried Wire would "take the industry by storm as their products come to market over the next few months."

Fried Wire was founded last year by Bill Townsend after he left Resource Data. A company statement quoted him as saying "Fried Wire's vision is to improve the functioning of the electric power marketplace through web-based, real-time information on fundamental market forces."

What Townsend really said was "We're not just going to be a player in these markets, we're going to help make these markets function they way they're supposed to."

Fried Wire says it plans to be an information provider to the electric power industry, providing a complete range of Internet-based products focused on power market fundamentals such as real-time information in wholesale markets and consumer values in retail markets.

What the companys products do is absorb huge quantities of complex, diverse, technical data and spit it out in understandable packets for use by industry professionals.

If Fried Wire is a good name for a company seeking to simplify operation of the occasionally-overloaded electric grid, a product scheduled for introduction this summer has an equally appropriate one. Traffic Report is claimed to portray real-time conditions on the grid, including:

  • Available transmission capacity on every transmission system in the U.S. and Canada.

  • Spot prices in the California, New England, New York and PJM power markets.

  • Power flows in real time for more than 100 major market interconnections.

  • Emergency transmission line relief and market redispatch notices in real time.

Another product with another nifty moniker is scheduled for roll-out in December. Power Surge will gather information from regional system operators and power exchanges and provide real-time and forecasted load data, real-time and forecasted weather information, supply curves, transmission congestion charges, real-time power flows and prices, presented as hour-ahead, day-ahead and marginal cost data.

Fried Wires staff is heavily loaded with former employees of Resource Data and, if they are as good at product development as they are at thinking up names, they might just have something.

Copyright © 2021 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service