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

Cut in South Carolina Gas Rates Approved

LCG, Oct. 24, 2001--Scana Corp. said yesterday that a request by its South Carolina Electric & Gas Co. subsidiary for a 16 percent decrease in the purchased gas component of the utility's natural gas rates has been approved by the South Carolina Public Service Commission.

The decrease comes on top of a 15 percent reduction in rates that went into effect last March.

SCE&G customers will see gas prices drop from 79 cents per therm to 59 cents per therm on their November bills. The average householder will save about $17.88 a month or some $107 a year, Scana said.

"Wholesale prices for natural gas have returned to more normal levels and that's good news for our customers," SCE&G President Neville Lorick said. "Last year, gas prices jumped to unprecedented levels and customers were hit right in the pocketbook."

SCE&G recovers the cost of the natural gas it buys through the purchased gas adjustment which regulators set to reflect the company's actual gas costs, which are passed directly to SCE&G customers, Scana explained.

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