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News
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LCG, August 2, 2018--The Massachusetts Legislature approved H4857, An Act to Advance Clean Energy, on Tuesday that includes: an increase in the Massachusetts Renewable Portfolio Standards (RPS) goals to 35 percent by 2030, a 1,000 MW energy storage goal by 2025, and a path to install an additional 1,600 MW of offshore wind capacity. With the current goal of installing 1,600 MW of offshore wind capacity, the total offshore wind capacity would be 3,200 MW. The legislation will now be received by the Governor of Massachusetts.
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LCG, August 1, 2018--Pattern Energy Group 2 LP (Pattern Development) yesterday announced it has signed 15-year power purchase agreements (PPAs) with Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP) to deliver wind power from the 200 MW Duran Mesa Wind project currently in development near Corona, New Mexico. SVCE has signed a PPA for 110 MW, and MBCP has signed a PPA for 90 MW.
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Press Release
California Electricity Market 10-Year Forecast
LCG, October 19, 2015-LCG Consulting of Los Altos, California has announced the release of its latest ten-year forecast of the CAISO electricity market (2016-2025). Results suggest that the mandated, large-scale deployment of renewables will impact the state’s electricity market. The study includes hourly price forecasts at Default Load Aggregation Points (DLAP) and Trading Hubs. Results also include monthly summaries of constraints that experience the highest congestion and generation by fuel type.
With State's renewable portfolio standards (RPSs), California is expected to experience rapid renewable technology deployment over the coming decade. Large scale solar deployment will impact the state’s net load during peak hours and have significant implications for hourly locational marginal prices (LMP). This along with other proposed supply and demand side changes will have significant impact on the state’s future electricity market. In order to forecast the impact of these factors on the California electricity market LCG has conducted an extensive study to simulate CAISO operations through 2025.
LCG used the UPLAN Network Power Market model to perform hourly nodal simulations of every hour of the time horizon. UPLAN is a fundamental model that represents all generation units, loads, and transmission infrastructure in CAISO and simulates the physical and financial behavior of the participants in the CAISO market with respect to the market protocols. The study includes detailed forecasts of load, fuel prices, renewable and hydro generation profiles, and generation expansion and retirement. The analysis takes into consideration the RPS target, reserve margin and ramping requirements set recently by California regulators and CAISO. Read more.
Please contact LCG at info@energyonline.com for more information.
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Generator X
Generation and Transmission Planning and Optimization
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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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PowerMax
Day-ahead and real-time portfolio revenue optimization
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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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MarketWatch
Monthly summary of prices, congestion and important events in ERCOT
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