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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
PJM, French Grid Operator to Swap Knowledge
LCG, Jan. 23, 2001Two of the world's largest electric power transmission operators, the PJM Interconnection Association and the manager of the French national grid, agreed this morning to share technical knowledge and information to help address mutual goals of power systems and energy market operations.Le Gestionnaire du Rseau de Transport de l'lectricit (RTE), a unit of French power monopoly Electricit de France, is responsible for operation of the French national grid, which serves more than 30 million customers. PJM operates the world's largest competitive wholesale electricity market and North America's largest power grid.Andre Merlin, appointed by the French Ministry of Energy as director of RTE, said "RTE has 50 years of experience in operating the largest control area in the world and PJM is one of the most successful ISOs, operating different kinds of markets in a deregulated environment. We will learn from each other."The agreement between PJM and RTE has three objectives, the American agency said.- To achieve a rational, safe, and expeditious transition to more competitive electric environments by cooperating on technical innovation, best practices, lessons learned, and the development of systems to operate competitive markets.
- To combine the knowledge of the two large, multi-state integrated power systems to foster a competitive electric environment.
- To determine the best practices available to provide efficient and convenient interfaces to market participants.
Phillip G. Harris, PJM's president and chief executive, said "We hope to leverage our collective technical experiences to create the model to power both systems in the twenty-first century."PJM said a liaison committee, consisting of senior management representatives from both organizations, will be formed to develop a plan for achieving these goals and oversight of the plan. PJM and RTE plan to conduct employee exchanges and open discussions on making use of the Internet, communications, and other high-tech things.
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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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