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LCG Releases January–March 2026 PJM Congestion Outlook Featuring Fundamentals-Based 3-Month Forecast

LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.

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DOE Selects TVA and Holtec to Rapidly Advance Deployment of Small Modular Reactors

LCG, December 2, 2025--The U.S. Department of Energy (DOE) today announced the selection of the Tennessee Valley Authority (TVA) and Holtec Government Services (Holtec) to support early deployments of advanced, light-water small modular reactors (SMRs) in the United States. With this announcement, DOE is supporting the first-mover teams to develop and construct the first Gen III+ small modular reactor (Gen III+ SMR) plants in the United States. The project teams will receive up to $800 million in federal cost-shared funding to advance initial projects in Tennessee (TVA) and Michigan (Holtec) and act to expand the Nation’s capacity while facilitating additional follow-on projects and associated supply chains.

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Industry News

NRG Calls for More Extensive PJM Reserves Market

LCG, Oct. 14, 2002--A power marketer and supplier in the mid-Atlantic wholesale market, NRG Power Marketing, thinks that the PJM (Pennsylvania-Jersey-Maryland) Interconnection, the grid operator should adjust its spinning reserves market to reflect protocols in place in neighboring Northeastern market systems.

Changes have already been proposed by PJM to the Federal Energy Regulatory Commission this past August. While NRG finds the changes outlined represent an improvement, it would hope to see markets be expanded to include a day-ahead market, as well as both 10-minute non-spinning and 30-minute operating reserves. The power marketer said on Friday that modifications to reflect the New York ISO and ISO New England's markets could improve the PJM's ability to maintain 15 percent spinning reserves at all times. Such reserves are maintained to respond quickly to divergences between supply and demand.

In 2001, NRG claims, there were 66 instances in which spinning reserves were called to align supply with demand, lasting 11 minutes on average. The current PJM proposal concerning spinning reserves is under docket ER02-2519 with FERC.
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