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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
Australian Power Prices Spike as Output Falls
LCG, Feb. 21, 2001Electricity prices in the Australian states of Victoria and South Australia shot up abruptly during a summer heat wave as output from the 2000 megawatt Loy Yang A power plant was cut by half.Loy Yang's operators said the reduction in output to a low of around 1,055 megawatts was caused by failure of the market operator to dispatch its available capacity.Wholesale power prices had been about $20.00 (U.S.) per megawatt-hour when the effects of the heat wave caused them to rise. At the same time, the transmission interconnector between Victoria and neighboring state New South Wales was close to capacity, shutting out generators in New South Wales.This brought about a flurry of rebidding, or moving significant amounts of power toward higher prices, a Loy Yang spokesman attempted to explain. Prices then soared to almost $2,400 (U.S.) per megawatt-hour.The activity caused the market operator to overlook Loy Yang, the spokesman said, and the power was cut back. "If the market dispatcher doesn't dispatch us, then (the power) doesn't go," he said.
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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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