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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
Texas Looks into Possibility of February Market Manipulation
LCG, March 11, 2003-Electricity regulatory staff with the Texas Public Utilities Commission (TPUC) are looking into allegations that generators intentionally caused electricity price spikes in February.The TPUC market-oversight board is in the process of looking at the state market in order to see whether or not Texas power plant owners and others bid power into the Texas real-time electricity market at unfairly high prices.The dates in question are February 24 and 25. They were brought into view by a monitoring unit set up to note unusual bidding behavior.Natural gas prices have increased, and these high fuel costs were expected to increase power prices since a significant proportion of Texas energy is generated by natural gas-fired facilities.The regional market operator issued an emergency appeal for February 25 because some generators did not have sufficient fuel. Real-time prices for electricity reached as high as $990 per megawatt-hour on February 24 and 25.The investigating unit will determine whether the bidding process was fair and is also interested in whether or not all available electricity supply was offered or if power was withheld intentionally to drive up the price.10 companies have been asked to yield records of their real-time bids over $300/MWh during the two-day period. These companies include Automated Power Exchange Inc., Austin Energy, City of Garland LCRA, Mirant Corp., TXU Corp., Dynegy Inc., FPL Group Inc., Calpine Corp., and the Exelon Corp.The investigation may take two weeks or more.
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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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