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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.
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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
Power Auction Nets Alberta $1 Billion Canadian
LCG, Dec. 7, 2000--An Alberta power auction of about 2,000 megawatts of firm capacity has produced $2.3 billion Canadian ($1.5 billion U.S.) as buyers rushed to sew up electricity supply ahead of the province's deregulation of its electric industry.After the cost of producing the power is deducted, the province will have about $1 billion Canadian ($650 million) to share with ratepayers, as a balm for their paying that much for power.The Internet auction took place on Monday and Tuesday, with the results released yesterday afternoon. Those results were a surprise when compared to an auction of 4,249 megawatts last August, which grossed $1.15 billion Canadian ($745 million).Alberta Resource Minister Mike Cardinal said the high prices are a result of tightening demand, adding that he expects prices to ease in 2002 and 2003 as more generation capacity is built. He confirmed that the government will distribute some of the proceeds to power users to ease the pain of the high prices paid for power in the auction.Dan Macnamara, president of the Industrial Power Consumers Association, said the high price paid for power -- more than $120 Canadian ($78) per megawatt-hour versus the $40 Canadian ($25) his customers are used to paying -- was a disaster."We have now set a very high level of wholesale prices in Alberta. The result is going to be more than a doubling of everybody's bills," he said.Most of the buyers in the auction were Macnamara's members -- large companies purchasing firm power for their own use. The higher power cost will be passed along to their customers in the form of higher prices for the goods and services they sell.Last week, Alberta Premier Ralph Klein's government capped residential, farm and small business rates for 2000 and ruled out rate surcharges for those customers in 2001.
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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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