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News
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LCG, September 30, 2025--Vistra Corp. announced yesterday that it will proceed with the next phase of its capital plan to support grid reliability in Texas. In 2024, Vistra identified over $1 billion worth of potential capital additions in generation capacity within the Texas ERCOT market by 2028 if market conditions were supportive. Now, with West Texas' growing power requirements, particularly the state's expanding oil and natural gas industries, Vistra reached a final investment decision and confirms it will build two new advanced natural gas-fired power units on-site at its Permian Basin Power Plant.
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LCG, September 24, 2025--Electric Reliability Council of Texas Inc. (ERCOT) yesterday announced its new initiative to increase its efforts to fully use and apply innovation and transformation through industry collaboration to best overcome the challenges and opportunities facing future grid operations. The new Grid Research, Innovation, and Transformation (GRIT) initiative will advance research and prototyping of emerging concepts and solutions to better understand the implications of rapid grid and technology evolution and position ERCOT to lead in the future energy landscape.
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Industry News
Settlement Reached Between Ontario, Coral
LCG, Feb. 24, 2003--Coral Energy has paid C$1.6 million ($1.07 million) to Ontario's Independent Electricity Market Operator (IMO), while making "no admission of a breach of the market rules," according to the IMO website.The settlement marks the largest such voluntary payment by an energy trader to the IMO. Neither Coral Energy nor IMO spokesmen would provide any information about what transactions were related to the settlement. According to Jimmy Fox, a Houston-based spokesman for Coral, the company did not gain financially from its trades, and did not manipulate the market.The IMO coordinates the balance of demand and supply based on its monitoring of trades. It has investigated 106 trades that failed before execution during last summer, and has ceased looking into 41 of them. At least double the number of trades being investigated failed shortly after Ontario's retail market was deregulated. Retail price caps were imposed following price increases under deregulation that brought political pressure to bear on the government. The caps are due to expire in three years.Critics of the return to regulation say that the move discourages investment in new generation, and will lead to a supply shortage and the need for Ontario to buy imported electricity at higher prices. The CEO of Atco Power, Nancy Southern, said last year that strong transmission links to the United States could enable new Ontario-based plants to export power profitably across the border.
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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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