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

Evergreen Applies for Permits for Maine Wind Farm

LCG, Jan. 28, 2004--Following its testing of various potential locations for a wind farm, Evergreen Wind Power LLC applied for the right to construct thirty-three turbines on Mars Hill Mountain in Maine's Aroostook County, Bangor Daily News reports.

The town of Mars Hill was listed as a co-applicant on the project, which Evergreen anticipates could begin producing output by November 2004. If the 1.5-megawatt turbines are built, Evergreen would pay $100,000 per year in rent to landowners. Tax revenue paid to the town could double. A possible stumbling block is the yet-to-be-decided reauthorization of a federal tax credit for wind energy. Without the credit, funding for the project from Fortis Capital Corp. would likely dry up.

If the wind project at Mars Hill is built, Evergreen would consider following it up with other installations. Of those locations that have been tested for wind speeds, Mars Hill was found to offer the best site.
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