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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
Companies Handling Emissions Credits See Increased Interest
LCG, June 1, 2004--Companies and countries with concerns about future compliance with the Kyoto protocol are beginning to seek out deals to acquire emissions credits, according to established companies in emissions markets.The future of the Kyoto protocol was in doubt due to less than enthusiastic sentiments expressed by top officials of the Russian government, including President Vladimir Putin, until a statement Putin made on May 21. The change in Russia's stance appears to have been based in part on that country's interest in joining the World Trade Organization, in which it has been supported by the European Union, although Putin stated that the issues were not linked. It is expected that Russia would be a net seller of emissions credits if the treaty is ratified, according to national quotas that would be reduced in order to bring emissions to 5.2% less than 1990 levels by 2008 to 2012.Since the statement in May, a manager of funds that trade emissions for the World Bank, as well as the trading director for Evolution Markets LLC, and the president of Natsource LLC, which connects buyers and sellers of credits and offers ways of reaching compliance, told the Wall Street Journal that they have addressed inquiries by companies and countries based on the climate treaty. Among the methods that may be used to reach compliance are substituting coal-burning power plants with gas-fired plants, or investing in projects that cut emissions in developing or Eastern European countries.Natsource in particular is handling the purchase of emission credits for a private group of interested buyers for the lowest price available. Among the countries that would likely demonstrate the most buying of credits are Canada, Japan and Spain, while a country such as Russia, which has undergone economic decline since 1990, will likely sell credits. The proceeds are to fund projects that will reduce emissions.
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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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