EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

Read more

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Chinese Government to Break Up Power Company

LCG, Feb. 4, 2002--A plan issued by China's Politburo will result in a major restructuring of the State Power Corporation, separating its transmission grid and electric generation operations between independent companies.

The influence of the State Power Corporation will continue in a lesser form through its majority ownership of two transmission grid companies and at least three of four generation companies. Southern Power will operate the grid in the southern regions, while its counterpart, State Power Grid, will assume control in other areas.

Two of the generating companies, Beijing Datang Power Generation and Huaneng Power International, already have between 5 and 10 gigawatts of generating assets each, but will acquire more from State Power Corp. The other two, SP Power Generation and Guohua Power Generation, will have politically powerful connections - Li Xiaopeng, son of the second-ranking Communist party leader Li Peng, and the State Development Planning Commission, respectively.

Competition among generators will increase under the new arrangements, although the plan does not fully detail the role of State Power Corp., which is likely to direct some aspects of the market. By 2003, when new market arrangements will be in place, the government hopes that the new companies will have purchased most of the countrys independent, locally owned generators.
Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service