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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
California Governor Seizes SoCal Edison Power Contracts
LCG, Feb. 5, 2001California Gov. Gray Davis moved quickly late Friday to seize control of Southern California Edison Co. low-cost "block forward" power contracts after a state court judge ruled that the California Power Exchange could liquidate the contracts to pay $215 million owed by the utility to independent power producers.SoCal Edison had pledged the contracts, which give the holder rights to purchase electricity at prices far below the so-called "spot" market, as collateral against funds owned to the owners of power plants in Southern California.In a statement issued by the governor's office, Davis said "I am using my emergency powers to seize options to buy very inexpensive power that would otherwise be lost forever. These options will provide reliable power through the end of the year. It is important to protect these contracts for the people of California."SoCal Edison lost its attempt in court to retain control of the contracts on Friday and Pacific Gas & Electric Co. is expected to experience a similar fate in its case in a San Francisco Superior Court. The Power Exchange is currently prohibited from liquidating the PG&E contracts by a restraining order that expires today.The power producers, who purchased generating facilities divested by the state's utilities as part of its electric restructuring scheme, are increasingly worried that they will be unable to collect the billions of dollars owed them by SoCal Edison and PG&E.
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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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