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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Governor Says State Power Market Not Competitive
LCG, July 28, 2000--In response to power surges in the wholesale price of electricity that short-circuited the utility bills of San Diego householders over the past two months, California Gov. Gray Davis yesterday called on state regulators to ask the Federal Energy Regulatory Commission to rule that California does not have a competitive energy market.Such a ruling would allow FERC to put a cap on wholesale power prices in California, but it is not a sure bet that they would be lower than the $500 per megawatt-hour cap currently imposed by the California Independent System Operator.In a Wednesday decision to temporarily limit the price that generators may bid to sell their energy into the New York wholesale market, FERC declared that flaws in that competitive market system warrant a $1,000 per megawatt-hour bid cap through the summer period.The governor also urged the state Public Utilities Commission, which will take up soaring wholesale electricity prices on August 3, to "take all actions necessary to assure that electricity supplies are adequate and that prices paid by California consumers are just and reasonable."Earlier this month, Cal-ISO reduced the cap on wholesale electricity prices from $750 to $500, and may again cut the price -- this time to $250 -- when it meets next Tuesday.
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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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