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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
PJM Completes Financial Transmission Right Auction
LCG, May 23, 2003--The PJM Interconnection announced that it has finalized annual auctions of financial transmission rights for the first time, allowing customers to choose among 24-hour, on-peak and off-peak FTR's.The auction included the offering of all FTR's on the regional transmission organization's system. When a market participant holds an FTR and does not exceed the reserved transmission service with its deliveries, it can receive a rebate for congestion charges. An option was also introduced, to negate risk that arises when congestion is created in the direction opposite that of the FTR. A holder of a FTR can be charged for any congestion charges in these cases. The revenues and charges will rise and fall according to differences in locational marginal prices across a transmission path due to congestion.The auction process was initiated following the allocation of auction revenue rights (ARR's) to firm transmission service customers. The allocation takes place on the basis of any shifts among retail choice customers, and according to ARR holders' preference between receiving revenues from the FTR auction or converting an ARR into an FTR.The auction resulted in revenue of $345 million, through four rounds held between April and May, with 600,000 bids cast for 55,000 megawatts of FTR's, including the option product. Remaining FTR's will be auctioned off on a monthly basis.
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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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