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News
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LCG, October 29, 2020--The Governor of Rhode Island announced this week that the state will issue request for proposals (RFP) to procure up to 600 MW of new offshore wind energy.
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LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).
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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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Generator X
Generation and Transmission Planning and Optimization
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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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PowerMax
Day-ahead and real-time portfolio revenue optimization
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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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MarketWatch
Annual summary of prices, congestion and important events in ERCOT
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