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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
California ISO Explains Wholesale Market Proposal
LCG, Feb. 6, 2002--Members of California's Senate Energy Committee heard from ISO officials on a wholesale energy market proposal, which is to be submitted to the Federal Energy Regulatory Commission by March.Lawmakers want new procedures to be in place by the time wholesale price caps end in September. The hearings brought attention to the difficulty ISO has experienced in including all stakeholders in the rule-making process. A former chief operating officer of the ISO, Kellan Fluckiger, said "it's been pointed out that the ISO, while conducting a stakeholder process, is working in a vacuum."The hearings focused on what consequences would occur when generators did not respond to emergency dispatch orders, or did not deliver power as scheduled. The ISO has charged such generators who do not provide replacement power on their own for the cost of replacement energy. In the last year, the combination of penalties and replacement power that were obtained "wasn't sufficient," said Fluckiger. The proposal outlined for the committee would enable the ISO to impose fines at hours besides just those when price caps are in effect. Sen. Joe Dunn, D-Santa Ana was skeptical of the effectiveness of the rules, saying he had "no confidence that the ISO will enforce the rules." The ISO also wants to mandate that utilities procure a 15 percent energy reserve. Furthermore, it would try to shift more power purchase transactions to the day-ahead market, as opposed to the hour-ahead and spot markets, for which the ISO is responsible.
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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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