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

Southern Governors Skeptical of Expanded Federal Utility Role

LCG, Sept. 23, 2003--Governors in attendance at the meeting of the Southern Governors' Association, held in Charleston, West Virginia on Monday expressed concern that expanded rule-making authority for the federal government over utility management and reliability standards could impose additional burdens on Southern states, potentially forcing them to subsidize improvements elsewhere.

A number of the panelists, which also included industry representatives and experts, stated that they would prefer to keep authority for reliability-related decisions in the hands of states or regional entities. South Carolina Gov. Mark Sanford was quoted in the Charleston Gazette: "It seems that every crisis that hits us these days, we look to the federal government." Sanford said he would be "very resistant" to increased rule-making authority for federal authorities.

There was support, however, for making mandatory standards that have so far remained voluntary. "We can't wait around for this to happen," said David Mohre, with the National Rural Electric Cooperative Association. Economic competitiveness in the form of relatively low-priced electric power was cited as being vulnerable to any requirement that might be imposed on Southern states to transfer funds for infrastructure development outside the region. The Southern Governors' Association, created in 1934, is made up of members from the South, and from Puerto Rico and the U.S. Virgin Islands.
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