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Duke Energy Announces Plans to Invest $30 Million to Install Two Battery Storage Projects in North Carolina

LCG, September 22, 2017--Duke Energy announced yesterday plans to invest $30 million in two new lithium-ion battery energy storage systems in North Carolina that are expected to be online in 2019. The two sites identified are the first of a larger company plan to deploy energy storage for the region, and further details regarding the two projects will be filed with the North Carolina Utilities Commission in early 2018.

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GM Announces Power Purchase Agreements for Renewable Energy from New Wind Farms in Ohio and Illinois

LCG, September 21, 2017--General Motors announced Tuesday long-term power purchase agreements (PPAs) for renewable energy from two wind farms with a combined electric generating capacity of 200 MW. The two new PPAs will allow for all of GM's Ohio and Indiana manufacturing facilities to meet their electricity needs with 100 percent renewable energy by the end of 2018. Last September, GM announced last September plans to generate or source all electrical power for its 350 operations in 59 countries with 100 percent renewable energy by 2050.

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Press Release

CAISO Forecast Prices for 2017 are available now



LCG, September 20, 2016--LCG Consulting releases a full set of peak, off-peak prices and a congestion outlook for 2017 in California ISO (CAISO).

The state's energy market is navigating profound changes, from the disaster at Aliso Canyon to ambitious renewables standards and unprecedented growth in solar. Quality forecasts can give you the necessary edge to plug into opportunities in an increasingly complex market:

  • Futures and Congestion Revenue Rights (CRR)

  • Strategic Planning

  • Valuation and Risk Management

Our carefully vetted forecasts are projected using the high-level UPLAN Network Power Model and the most up-to-date information, from the highly detailed transmission upgrades to the most sophisticated models of gas prices, weather patterns, and more.

Also on offer through 2017: monthly CRR forecast updates, including point-to-point LMPs at DLAPs, Trading Hubs, and AP nodes, followed by online live presentations with Q&A.

If you are interested in LCG’s CAISO forecasts or information about how LCG can enhance your trades in any region, please contact us at julie.chien@energyonline.com or 650-962-9670x110.

Why do utilities, munis, hedge funds, developers and trading houses consistently choose LCG for their CAISO forecasts?

State-of-the-Art Algorithms. We don’t rely on assumptions and simplifications. Our network power models weigh all the details and comfortably outperform historical trends and regression for identifying risks and opportunities. We value all the millions of paths for all times of use. Our CRR forecasts have been well tested with a long history of success in California, as well as across the country. Even other consultancies use our CRR analytics to crunch their numbers.

The Latest Data. We leave no stone unturned. Our analysts continuously update our data models, digesting every scrap of available intelligence on the California market, from gigabytes of historical congestion to the best available information on transmission, generators, interfaces, contingencies, fuel forecasts, and loads.

More than Three Decades of Experience on Five Continents. We’ve been investigating what drives electricity prices in California since 1982. We simulate electricity markets using Security-Constrained Unit Commitment and Sub-Hourly Security-Constrained Economic Dispatch. We perform coordinated marginal cost-based energy and ancillary service procurement, congestion management, and thorough contingency analysis that mirrors those used by most U.S. market operators, including CAISO.

About LCG Consulting:
Silicon Valley-based LCG Consulting has been modeling electricity for more than 30 years. In that time, energy market participants and research institutions across the United States and internationally have relied on our models for every type of application, from electricity trading, plant siting, asset valuation, and testimony support.



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Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Monthly summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service