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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
India's Maharashtra to Pay Enron, Wire Service Says
LCG, April 25, 2001The Maharashtra State Electricity Board said this morning it would pay its electric bill for March to Dabhol Power Co., the project mostly owned by U.S. energy giant Enron Corp. that represents the largest foreign investment in India."We will make the payment of 1.34 billion rupees ($28.5 million) today for the March bill. The February bill of 1.1 billion rupees ($23.4 million) was already paid up last month," Krishna Rao, a member of the Maharashtra State Electricity Board, told The Associated Press."As far as we are concerned there are no more payments outstanding," Rao added.Enron disagrees. The company said it had been paid for February but is still awaiting payment for December and January, an arrears of about $48 million.In order to "settle" its December and January bills, the MSEB patched together some charges of nonperformance against Dabhol and fined Enron 4 billion rupees ($85.31 million). Take what we owe you out of the fine, the Indian bureaucrats told their largest investor.In the meanwhile, Enron, other owners of Dabhol, and the projects lenders are meeting in London to work out a strategy to protect their investment. Indian newspapers reported today that a proposal to issue a termination notice to the MSEB had been temporarily shelved at the request of four major Indian financial institutions.When development of the first 740 megawatt phase of Dabhol was negotiated in 1995, the price for power generated was set at about 4 cents (not rupees, which are not universally convertible). Subsequent depreciation of the Indian rupee has caused that price of power to nearly quadruple, when thought of in terms of rupees.With the 1,444 megawatt second phase of Dabhol nearly ready for operation, Maharashtra sees little hope of its ever being able to afford the power produced at the facility, and has been seeking ways to back out of the deal.
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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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