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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
Senate Rejects Energy Regulation
LCG, April 15, 2002On Wednesday the U.S. Senate refused attempts to regulate the derivatives market as part of the larger, pending energy bill. Democratic Senators Dianne Feinstein, CA, Maria Cantwell, WA, and Ron Wyden, OR, proposed the amendment, which was to allow for more transparency in otherwise secret energy trading. The failed amendment, originally spurred by the Enron scandal, requires market players to disclose derivatives trading information in the hope that manipulation of the energy market, as well as unreasonable rate spikes, might be prevented. The three Senators believe that there is a connection between Enron and the unregulated over-the-counter energy market.Federal Energy Regulatory Commission (FERC) Chairmen Pat Wood and several organizations within the energy industry such as the American Public Power Association, supported the amendment.However, the opposition, headed by Republican Senator Phil Gramm of Texas, managed to squash it with the argument that Enrons failure was caused by fraud and that the proposed legislation would be detrimental to the over-the-counter derivatives market. Others in the industry suggested that trading might go offshore.According to the Oregonian, FERC began investigating possible manipulation after an analyst notified them of a 30 percent drop in prices after Enrons December bankruptcy.
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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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