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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

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 Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

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

Industry News

MISO Ready to Open New Electricity Markets

LCG, February 17, 2005--The Midwest Independent Transmission System Operator (Midwest ISO) yesterday announced that it has filed Certificates of Operational and OrganizationalReadiness with the Federal Energy Regulatory Commission (FERC), signaling that it is ready and prepared to commence operations of the new markets on April 1.

In August 2004, the FERC conditionally accepted the Midwest ISO's proposed Open Access Transmission and Energy Markets Tariff (TEMT), with one of the conditions that the Midwest ISO certify its market readiness. The Midwest markets were initially scheduled to be launched on March 1, 2005; however, on January 27, the ISO announced the one-month delay, which was stated to be in response to stakeholder requests.

The new market design includes Day-Ahead and Real-Time energy markets, with centralized, security-constrained, economic dispatch and locational marginal pricing (LMP) similar to that used in northeastern markets, such as PJM, New York ISO and ISO New England.

The Midwest ISO service territory extends from eastern Montana through the upper Midwest - including Manitoba - and south to parts of Kentucky and Missouri. With the implementation of the TEMT, the FERC's Standard Market Design, with LMP-based pricing, will generally be in use throughout the northern half of the Eastern Interconnect.

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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service