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

Israeli Pipeline in Question if Belgian Company Pulls Out

LCG, April 23, 2002-Belgium's Tractabel SA, skittish over the escalated Israeli-Palestinian conflict, plans to leave an Israeli natural gas pipeline project.

Tractabel, critical because of its technical abilities, intends to abandon Israel's half-billion dollar project. The company has a 60 percent stake and would build the pipeline and operate it for thirty years before yielding it over to the Israeli government. Although it has not officially bowed out, notice is expected within the next few days.

The proposed pipeline would connect the Mediterranean Sea to various inland locations.

The other shareholders, Paz Oil Ltd. and Africa Israel Investments Ltd. are seeking foreign investors and advisors to replace Tractabel.

Political conflict has always plagued Israel's attempts at creating a natural gas market. While Egypt is a logical supplier geographically speaking, the Egyptian government is loathe to strike deals because of its Palestinian ties. State-owned monopoly Israel Electric Corp. has been waiting over a year to sign a $3 billion, 10-year natural gas contract with Egypt.

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