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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
Extraction from Canadian Oilsands to Require Much More Energy
LCG, Jan. 29, 2003--In order to increase the amount of oil extracted from oilsands in northern Alberta, experts expect that a significant amount of steam will be required, but where the energy to produce the steam will come from is still being investigated.Suggestions that nuclear power could be used were raised in the 1970's, then dropped as it appeared too costly an option. If oilsands account for a large part of future growth in Canadian oil production as expected, however, it could theoretically require all of Alberta's gas output. This is based on production of four million barrels per day in 2025, said Bob Taylor, an assistant deputy minister with Alberta Energy, part of the provincial government. In order to extract the bitumen in sands 75 meters underground and make it into synthetic oil, energy equivalent to a third of the amount obtained is currently needed.A developer of nuclear plants, Atomic Energy of Canada Ltd., has commissioned a study by the independent Canadian Energy Research Institute to investigate the cost-competitiveness of a small-scale nuclear power plant. While the last nuclear plant to be brought into operation in Canada came online in 1993, it was $11.6 billion overbudget. ($11 billion was invested in oilsands projects during 2001 and 2002.) Natural gas prices have been quite volatile recently, however, and gas is a source of greenhouse emissions, unlike nuclear power.According to Bob Dunbar, a senior director with the Canadian Energy Research Institute, his company's study shows so far that "nuclear would be an economically competitive option with gas." The study will be finalized next month.
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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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