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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
Legislators Ask For Price Cap Extension
LCG, May 16, 2002-Western senators have asked the Federal Energy Regulatory Commission to continue the electricity price caps set last year to curb out-of-control prices. Wholesale Californian electricity is sold at a maximum of $92 per MW-hr right now, but this price limitation will expire September 30. Senators, including California's Barbara Boxer-D and Oregon's Ron Wyden-D, implored FERC to keep the limitations beyond the deadline, however FERC does not consider price caps an ideal method of regulating the market. FERC has not decided what action will be taken and is still waiting for information from some California parties involved. The California Independent System Operator (ISO) has requested extension but has also submitted a plan, part of a larger proposal, to help control electricity prices. The ISO is responsible for reliability in the system and handles the California electricity grid.Legislators have a renewed interest in electricity prices and contracts after the release of memos linking California's energy crisis of 2000/2001 to market "manipulation" by power companies like Enron.
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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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