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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
Internet Startup to Tackle Real-time Wires Market; Now, if it Can Only Live Up to its . Name
LCG, Aug. 10, 2000--Fried Wire Inc., an Internet startup that plans to tackle the real-time electric power transmission market, said yesterday that it had completed its first round of financing and was ready to roll out its first product.The Boulder, Colo. company received what it called a "significant investment" from Enercap Associates, a venture capital fund also based in Boulder. Both Enercap and Fried Wire are progeny of Resource Data International.Ron McMahan, who founded Resource Data, is Enercap Fund manager. He noted that "electric power markets are evolving quickly" and said he was confident that Fried Wire would "take the industry by storm as their products come to market over the next few months."Fried Wire was founded last year by Bill Townsend after he left Resource Data. A company statement quoted him as saying "Fried Wire's vision is to improve the functioning of the electric power marketplace through web-based, real-time information on fundamental market forces."What Townsend really said was "We're not just going to be a player in these markets, we're going to help make these markets function they way they're supposed to."Fried Wire says it plans to be an information provider to the electric power industry, providing a complete range of Internet-based products focused on power market fundamentals such as real-time information in wholesale markets and consumer values in retail markets.What the companys products do is absorb huge quantities of complex, diverse, technical data and spit it out in understandable packets for use by industry professionals.If Fried Wire is a good name for a company seeking to simplify operation of the occasionally-overloaded electric grid, a product scheduled for introduction this summer has an equally appropriate one. Traffic Report is claimed to portray real-time conditions on the grid, including:- Available transmission capacity on every transmission system in the U.S. and Canada.
- Spot prices in the California, New England, New York and PJM power markets.
- Power flows in real time for more than 100 major market interconnections.
- Emergency transmission line relief and market redispatch notices in real time.
Another product with another nifty moniker is scheduled for roll-out in December. Power Surge will gather information from regional system operators and power exchanges and provide real-time and forecasted load data, real-time and forecasted weather information, supply curves, transmission congestion charges, real-time power flows and prices, presented as hour-ahead, day-ahead and marginal cost data.Fried Wires staff is heavily loaded with former employees of Resource Data and, if they are as good at product development as they are at thinking up names, they might just have something.
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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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