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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
FERC and California Prepare for Long-term Contract Hearing
LCG, Dec. 12, 2002--The Federal Energy Regulatory Commission and attorneys for California have different views of how strong California's case is for overturning long-term contracts the state signed during the energy crisis.A brief developed and filed by FERC staff in preparation for hearings into $43 billion worth of contracts found that the state needs to prove that the long-term contracts were affected by prices in the soaring short-term market. California contends that spillover between the two existed. According to the Commission's brief, "CDWR [California Department of Water Resources] in fact renegotiated letters of intent it had entered into and rejected other higher cost contracts," thereby indicating to FERC that the California agency did not lack bargaining power.The hearings, which are due to end with a ruling by FERC Judge Bobbie McCartney by mid-February, are meant to resolve California's assertion that the contracts were signed under circumstances in which the state had little choice but to purchase electricity at unjust rates. The FERC staff wrote that in order for the contracts to be overturned, they must be shown to be contrary to the public interest, according to the "Mobile-Sierra" doctrine set forth by the Supreme Court in the 1950's. The FERC's brief raises the argument that the power market would be adversely affected if the contracts are not upheld.Some energy sellers to California, such as Calpine Corp. and Williams Cos., have thus far reached agreements with the state on revised contract terms. Others that have not proceeded to settlements include Allegheny Energy, Dynegy Inc., Sempra Energy, and Coral Energy, a unit of Royal Dutch/Shell. If a ruling were to be issued in California's favor, a related action by western U.S. utilities could gain momentum.
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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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