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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
SoCal Edison Wants 30 Percent Rate Hike
LCG, Dec. 27, 2000Southern California Edison Co. is asking California regulators to approve a 30 percent increase in retail electricity rates, according to a Securities and Exchange Commission filing by parent holding company Edison International Inc. The increase would be effective January 4.In a filing made yesterday, Edison International said SoCal Edison is asking that low-income customers pay only 10 percent more than their current rates. The company said it was doing its part by eliminating for at least the fourth quarter the dividend paid to shareholders and by planning cutbacks in spending of $100 million.The California Public Utilities Commission is meeting today to determine how much to allow SoCal Edison and Pacific Gas & Electric Co. to raise their rates. A final decision is scheduled to be issued on January 4.These actions come in the wake of last Wednesday's announcement by Standard & Poor's that it would cut the credit ratings of the two utilities down to the level of junk bonds if the state did not take action within 48 hours to ease the financial pressure on the two companies.Both SoCal Edison and PG&E have been paying high wholesale power prices for electricity they resell to their customers at rates frozen at levels 10 percent below those they charged in 1997. PG&E now is some $4.6 billion behind in collections an amount growing by $1 million per day, the company says and SoCal Edison is $3.5 billion in the hole.The California Small Business Association, whose members benefit from the rate freeze, was set to testify before the PUC in favor of a "reasonable rate increase." The group is joined in supporting a rate hike by two other prominent business associations.The California Chamber of Commerce and the California Business Roundtable said yesterday in a joint statement that state regulators must "take immediate action to maintain utility solvency while keeping the cost of electricity stable for California businesses and residents."
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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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