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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
McCain and Lieberman Back Greenhouse Gas Caps
LCG, Jan. 8, 2003--Today marks the beginning of hearings before the Senate Commerce Committee concerning a proposed national cap-and-trade program for pollutants such as carbon dioxide and other "greenhouse" gases, promoted by committee chairman John McCain and Joseph Lieberman, a likely Democratic presidential candidate.President Bush, who said during his presidential campaign that he would seek reductions in emissions of carbon dioxide from power plants, but withdrew his support for such regulation once in office, would almost certainly continue to oppose the new proposal, on the grounds that it would send power prices up by causing greater reliance on natural gas, and less on coal.McCain, who opposed Bush in the 2000 presidential election, would like to see an emissions trading program that would allow companies to buy and sell emissions allowances, the creation of which would decline over time. "We need to have a proposal out there that would start to generate some movement on this issue," McCain told the New York Times. "Other countries have done this, and there are states and U.S. companies that are moving forward," he said.Many power plant owners, according to representatives, believe that regulation is likely to remain confined to sulfur dioxide, nitrogen oxides and mercury, which are not considered greenhouse gases. Scientists believe that carbon dioxide, methane, and other gases that are addressed in the McCain-Lieberman bill trap heat in the atmosphere. If emissions trading programs expand "under any of the multipollutant scenarios," as Dale Heydlauff of American Electric Power put it, coal-fired power plants would become less competitive. Joe Nipper, with the American Public Power Association, said that upgrading power plants once they have been built can pose heavy costs that their owners would rather not be surprised by due to emerging legislation. "We need certainty. It's the nature of our business," he said.Fred Krupp, president of the Environmental Defense Fund, an envirnmental group, said any utility would be wise to account for the possibility of emissions trading in the four major pollutants. Although utilities disagree on the pollutants they would like included under or excluded from trading programs, based in part on their generation portfolios, input would likely also come from the transportation and other non-electric industries, which are covered by the McCain-Lieberman bill.
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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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