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

FERC's "Show Cause" Order Followed by Moves to Speed Resolution

LCG, Sept. 5, 2003--Staff of the Federal Energy Regulatory Commission have recommended that over one-third of the companies to which the agency issued "show cause" orders concerning possible manipulative market behavior in California should either settle, or that charges should be dismissed.

The proposed settlements could represent $2 million of refunds to California. Gov. Gray Davis has claimed that the state was over-charged $9 billion. Under established FERC rules, should a company not be able to justify its market behavior, it would disgorge only as much profit as could be attributed to its own actions directly, but not profits due to higher prices resulting from the actions of others.

Bryan Lee, a spokesman for FERC, stated that "Settlements are in the best interest of the public because they avoid the cost of litigation before the commission and, potentially, before the courts." In addition to the recommended settlements, 17 cases are being recommended for dismissal, with 43 remaining to be heard by a FERC administrative law judge.
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