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

Jordan and Indonesia Work Together on Energy Projects

LCG, April 22, 2002-Officials from Jordan and Indonesia met to discuss oil, gas, electricity, and mineral resources projects.

According to the Jordanian Petra News Agency, Indonesian Energy and Mineral Resources Minister Purnomo Yusgiantoro and Jordanian Energy Minister Mohammed Batayneh discussed cooperative endeavors in energy-related projects, including the Risheh gas field near the Iraq-Jordan border.

The Indonesian company Golden Spike plans to formalize a four-year contract with Jordan's National Petroleum Company, which generates about 12 percent of Jordan's electricity. The contract will include Indonesia in Jordan's development of the Risheh gas field; National Petroleum hopes to bring oil production to 150 million cubic feet per day by the end of the contract period.

Currently Indonesia, the world's fourth most populated country, produces 1.2 million barrels in crude oil per day and therefore has valuable oil exploration experience to contribute to Jordan's efforts.

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