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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
Avista Pays $2.1 Million to Settle Energy Futures Case
LCG, Aug. 22, 2001--Avista Corp. yesterday agreed to pay $2.1 million to settle, without admitting wrongdoing, charges that the company's power trading unit had manipulated electricity futures contract prices on the New York Mercantile Exchange in 1998.The U.S. Commodity Futures Trading Commission had brought the case, charging that Avista and two of its traders manipulated prices of futures contracts in electricity for delivery at the California-Oregon Border and the Palo Verde switchyard in Arizona between April and August, 1998.The two traders, former vice president for trading Thomas Johns and former trader Michael Griswold, agreed to settlement payments of $50,000 and $110,000 respectively. Neither is still an employee of Avista.The CFTC said that Avista, on four separate and identifiable occasions, bought futures contracts for more than the prevailing price, or sold contracts below the prevailing price, for the two delivery points, thus influencing the settlement price in the direction desired."The commission found that Avista Energy and the settling former employees manipulated the prices of NYMEX Palo Verde and COB contracts on four specific dates in 1998 to affect the value ofAvista's over-the-counter options contracts," said Phyllis Cela, acting director of the agency's enforcement division.Charges are still pending against two other Avista employees and a NYMEX floor broker in connection with the same price manipulation.
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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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