ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

Read more

South Field Energy Breaks Ground for 1,182-MW Power Plant

LCG, May 16, 2019--South Field Energy LLC announced yesterday its groundbreaking for an 1,182-MW, combined-cycle electric generating facility in Columbiana County, Ohio. The natural gas-fired facility is scheduled to commence operations in mid-2021 and represents a $1.3 billion investment.

Read more

Industry News

Heat Leads to ISO Alert for California

LCG, May 30, 2003--Power demand in California surpassed forecasts easily on Wednesday, due to high temperatures that required an estimated weather-related 3,800 megawatts over expected load, and another 700 megawatts more because of forecast error and a lack of conservation.

The Independent System Operator, which operates the state's power grid, issued a Stage 1 power alert lasting from 3 P.M. to 6 P.M. A Stage 1 emergency is called when generation reserves drop below 7 percent. Power consumers are asked to cut back on use of heavy appliances at such times, although air conditioners were active in both Northern and Southern California.

Jim McIntosh, the head of grid operations, was quoted in the Sacramento Bee: "I don't think we saw much of any conservation yesterday." The approaching summer is expected to be warmer than usual, and could be marked by frequent alerts if conservation is minor, or if the demand patterns signal permanent underlying load growth, not just the effects of Wednesday's sudden bout of warm weather.
Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue 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