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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 Poised to Authorize Legislation to Reduce Greenhouse Gas Emissions
LCG, August 31, 2006--California is poised to approve legislation intended to
reduce greenhouse gas (GHG) emissions. Assembly Bill 32, or the "Global Warming
Solutions Act of 2006," incorporates the goal Governor Schwarzenegger set last
year to reduce GHG emissions to 1990 levels by 2020.
After extensive negotiations between Democratic lawmakers and Governor
Schwarzenegger, the bill is now expected to be sent to the Governor for approval
by midnight on today, when the legislative session ends. The Governor has
agreed to sign the bill.
The legislation includes a statewide cap on GHG emissions from electric utilities, refineries, and other selected industries. The program is scheduled for implementation in 2012. The goal is to reduce GHG emissions 25% by 2020 in order to alleviate concerns of global warming that may be caused by such emissions.
The California Air Resources Board would be responsible for developing the
regulations, including an as-yet-to-be defined trading system, plus a mandatory
reporting system to track emissions from the many sources. The bill would allow
for the governor to lift the cap for one year in the event of extraordinary
circumstances.
Related legislation that is anticipated to be sent to the Governor is Senate Bill
1368, which is designed to prevent California utilities from executing long-term
power purchase agreements for electricity from coal plants, which generally emit
the greatest quantity of GHGs (primarily carbon dioxide, or CO2) per unit of
electricity generated of any type of electric generating facility.
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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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