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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.

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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.

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Press Release

2020 ERCOT Outlook published by LCG Consulting

LCG, April 23, 2020 – LCG Consulting (LCG) recently published a comprehensive hourly simulation of the ERCOT market for 2020 under “business as usual” condition. The Outlook outlines future operation of the ERCOT nodal market, including Locational Marginal Prices (LMPs), load zone prices, hub prices and expected congestion.

Since the preparation of this report, there have been many changes to gas demand, electricity usage, and general economic activities due to the state's response to COVID-19. As of March 2, energy consumption has decreased by 2 percent and the morning load has decreased by approximately 10 percent, according to ERCOT. A supplement to this “business as usual” report incorporating the near-term impact of the economic downturn will be published soon.

LCG performed the simulations using the sophisticated and long-standing electricity model, the UPLAN Network Power Model. LCG has been modeling energy systems for more than 30 years and continuously sustains the most up-to-date information on every detail of the Texas grid including minor and major transmission upgrades as well as generation additions and retirement.

For more in depth analysis, LCG can provide tailored datasets, such as individualized generator performance, hourly prices, and much more.

For more information on LCG’s products and services, contact Julie Chien at julie.chien@energyonline.com. You can download the the report directly.

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