EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Argentina's Booming Economy Hit by Natural Gas Shortage

LCG, Apr. 5, 2004--Blackouts have affected numerous industries in Argentina, due to artificially low prices for natural gas that have stoked demand and deterred companies from unprofitable exploration efforts.

The situation, which has prompted utilities to lower voltage to keep power flowing, also caused the legislature during the past weekend weekend to permit gas companies to raise gas prices by 100 per cent, over a fifteen-month period. Prior to that step, it passed a resolution restricting the amount of exports to foreign countries, in order to make more natural gas available for power generation. Small users of gas, however, are protected from price increases, and will continue to pay for gas at a rate well below what is paid in other countries.

Gas prices were fixed at artifically low levels under an emergency decree in early 2002. Among other things, this encouraged the conversion of over one million vehicles to natural gas-burning engines, from gasoline-burning. The government of Nestor Kirchner has said that it will exchange exports of meat and grain for imports of fuel oil and gas oil from Venezuala, for use at electricity generating plants. Even with price increases, however, prices will be artificially low, and an excess of demand over supply is likely, unless the prices can rise sufficiently to encourage exploration and drilling for gas.
Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service