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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 Holds Public Briefing on Standard Market Design
LCG, August 20, 2002-The Federal Energy Regulatory Commission has begun discussing its U.S. standard market design plan with energy industry officials.The plan was first released July 31, and yesterday saw FERC's first briefing. Additional public briefings will be held in Boise, Idaho on August 22, St. Louis, Missouri on August 28, and Carmel, Indiana on September 19.According to FERC, the purpose of standardizing the market is to apply uniform market rules to lower costs for consumers, allow infrastructure investment, and prevent discrimination and manipulation in the market.Proposed measures include mandating twelve percent surplus energy to be available within three years. Also included are a price cap of $1,000 per megawatt hour as well as an allowance of wholesale price caps if manipulation is found to have driven up prices.According to the FERC plan, regional transmission authorities, or Independent System Operators, would also have advisory units to check for market abuse.Perhaps the most controversial proposal is the common network tariff, which would be applied to all wholesale and retail electricity transmission. State regulators normally control tariffs and would have to yield this power to the federal commission.
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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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