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

Hurricane Damage to Some Power Systems Worst Yet

LCG, Sept. 22, 2003--Today, with power restored to most of those who lost electric service to Hurricane Isabel and its aftermath, there were nonetheless over one million without it, many of whom will need to wait for at least several days before utility crews are able to complete needed repairs.

There were 700,000 Virginia residents, and 570,000 Maryland residents without power Monday afternoon. In Pennsylvania, slightly over 35,000 were waiting for service to return, as were 70,000 in North Carolina, 6,000 in Delaware, and less than 2,000 in West Virginia. Originally, nearly two million Virginians and over one million Maryland customers lost electricity due to damage to power transmission and distribution lines. Jimmy Staton, senior vice president for operations with Dominion Virginia Electric, was quoted in the New York Times as saying that the amount of harm to power infrastructure inflicted by Isabel is "unprecedented" in Virginia's history. The sentiment was echoed by Maryland officials.

The outages made refrigeration impossible, and clean drinking water scarce. Although some utilities in Maryland had dry ice on hand for half-a-day Friday with which to keep food cool, they could not offer the supply for any longer, because they lacked the means to produce more. Residents have signed up on waiting lists for portable generators from stores such as Home Depot. In at least one instance in Pennsylvania, carbon monoxide poisoning occurred from their use, with fatal consequences.

Part of the difficulty of restoring power after Isabel, according to utility officials, is that damage is spread over wide areas. Crews with a total of roughly 10,000 among them, with about one-third from out-of-state, are working on repairs while residents have relied on help from neighbors, the Salvation Army, Red Cross and National Guard, and try to keep their spirits up as best they can, whatever their losses.
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