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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
FERC Caps New York Electric Rates
LCG, June 29, 2001The Federal Energy Regulatory Commission, hoping to avoid California-style price increases, yesterday approved a plan to rein in wholesale power prices in New York State through this summer.The FERC plan specifies that once wholesale prices rise to a certain level, a cap would be imposed. Utilities or power producers charging more than the cap would have to justify their prices upon review.The controls, approved unanimously by the five-member commission, would remain in effect through the end of October. "We're going to be diligent in making sure that rates are low," said FERC Chairman Curt Hebert.The federal agency, a division of the Department of Energy, rejected a request by New York State officials that would allow collection of retroactive damages against power producers who were believed to have inflated prices.Nevertheless, New York State Attorney General Eliot Spitzer was pleased with FERC's action. "This is a critical step for us as we head into summer," he said.A group representing the state's non-utility generators said it was disappointed with the plan. "There is no evidence of market power abuses in New York state," said Gavin Donohue, executive director of the Independent Power Producers of New York State. "It sends a bad signal that to do business in New York, you have to play by different rules than other places."Under FERC's plan, a review would kick in if power prices anywhere in the state rose to $150 per megawatt-hour, or if one or more power producers charged $100 more than the average for a particular region. Currently, wholesale power prices in New York are around $60 per megawatt-hour.New York Gov. George Pataki hailed the proposal, calling it "an important step toward protecting energy consumers."
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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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