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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
CA Negotiates $3.5 Billion in Damage Control on Power Contracts
LCG, April 23, 2002-Energy companies have agreed to rewrite contracts, saving California $3.5 billion in long-term power contracts.Pressured by the energy crisis and shackled to last year's skyrocketing rates, California bought $43 billion in long-term electricity contracts. A third of these agreements were renegotiated, trimming off $3.5 billion after five months of talks between state officials and power companies.According to state officials, energy companies Calpine and Constellation Energy also will pay $8.5 million in settlements regarding allegations that they charged illegally inflated prices during the power crisis.The state managed to renegotiate four large Calpine contracts, one contract with Constellation and contracts with Capitol Power, Cabazon and Whitewater Hill, deflating their total of $15 billion to $11.4 billion.According to Governor Gray Davis's chief counsel Barry Goode, the new contracts utilize stronger language, guaranteeing that new generators will be built. The state will have greater authority to deny grants and even terminate one of the contracts if power companies fail to create sufficient new generation. Calpine will face fines if it does not build new plants, including the proposed Metcalf facility, which is intended to supply Silicon Valley.As a result of the new contracts, California will no longer demand refunds from Calpine through the Federal Energy Regulatory Commission (FERC). State agencies will not question the contracts' "reasonableness" either. However, Governor Davis plans to continue urging FERC to investigate the possibility that power companies manipulated California's electricity market.
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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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