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News
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LCG, April 21, 2025--NovaSource Power Services ("NovaSource") recently announced that it has partnered with Doral Renewables and has been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.
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LCG, April 17, 2025--The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities today issued a joint staff report concluding that the nation’s Bulk-Power System (BPS) "performed well during successive cold weather events in January 2025, without major issues in either the natural gas or electric systems."
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Industry News
Weather Derivatives See Growth in Volume
LCG, June 6, 2003--While the typical values of weather derivative contracts are typically one-third what they were a couple of years ago, the number of such deals has increased to approximately three times the volume seen a year ago, according to a recent study by PrcineWaterhouseCoopers for the Weather Risk Management Association.The Chicago Mercantile Exchange handled 7,000 weather transactions based on its weather derivatives contract, with Wolverine Trading acting as market maker. Typically, conditions that determine which participant pays the other are either temperature, precipitation, wind or sun exposure. For example, a farmer whose crop might suffer from extreme heat might be paid by a counterparty such as a natural gas trader who can make higher profits when more air-conditioning is needed. The payment would be reversed if conditions were cool rather than hot.Whereas many of the most active participants in weather derivatives used to be trading enterprises, they have since been supplanted by regulated utilities and banks.
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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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