Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

Read more

Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

Read more

Industry News

Construction Starts on California's Sunrise Power Plant

LCG, Dec. 12, 2000--The Edison Mission Energy unit of Edison International Inc. started construction yesterday on its Sunrise power plant in the badlands west of Bakersfield, Calif. The company learned last Thursday that the California Energy Commission had given it permission to proceed with a "temporary" first phase of the plant.

It had taken the state power plant licensing agency two years to decide that a power plant would be okay in the middle of the 74-square-mile Elk Hills Oil and Gas Field.

Edison Mission Energy said the new facility "will bring both short- and long-term generation capacity to the state, which is in dire need of new power generation."

The Energy Commission approval is good only for two years, during which Sunrise will operate as a simple-cycle peaking plant. When the license expires on Dec. 31, 2002, the plant will have to either shut down or get a new license to operate as a combined-cycle facility or a cogenerator. Edison plans to keep the plant operating.

The Sunrise Power Project will be completed in two phases. Phase 1 will consist of a 320 megawatt, simple-cycle peaking facility scheduled to be in service during the summer 2001. Phase 2 willconvert the peaking facility to a 560 megawatts, combined-cycle operation with an in-service date ofsummer 2003.

Copyright © 2023 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...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service