EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

Credit Problems Lead to Less Trading at Williams and Dynegy

LCG, July 25, 2002--The trading activity and existing positions of both Williams Cos Inc. and Dynegy Inc. are reportedly decreasing due to credit difficulties and less willngness on the part of other traders to engage with them, according to Reuters.

The finance director for Williams' European trading operations, Ray Poudrier, said, "We are still transacting but because of our credit status it is very limited; we are still in the spot market."

A trader in the West was quoted as saying that his own company, which was hesitant to extend credit to either of the companies, has also experienced reluctance by trading partners to extend credit. Another trader was quoted as saying, "A lot of what we're doing today is closing out a lot of deals with Dynegy and Williams. There's a lot of fear they're going the way of Enron. Not that they did anything wrong, but people are just losing faith in those companies."

Firms are reportedly trying to minimize any appearance of increased risk because of exposure to trading partners with poor credit ratings.
Copyright © 2023 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service