EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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Industry News

Climate Trading Gains Momentum in EU

LCG, June 25, 2003--Lawmakers for the European Union will put a measure that would create a system for trading of carbon dioxide emission allowances to a vote before the European Parliament next Wednesday.

If approved, it would require that companies in industries such as oil refining, steel, cement, ceramics, glass and paper manufacturing release emissions based on tradable permits that would be priced by the market. The European Union could make progress towards emission reductions under the United Nations Kyoto Protocol. No decisions have been made yet on how to allocate the initial set of emission credits to particular industries, although the credits would be allocated by January 2005.

If companies fail to reduce emissions to match the number of credits they have or do not buy enough additional credits, they would have to pay fines of 40 euros per ton, and 100 euros by 2008. The trading of credits by EU companies would be allowed only within the EU at first, but might be allowed with companies elsewhere at a later date.
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