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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
Austin Energy Poised to Commit to 300-MW Wind Project
LCG, February 25, 2014--Austin Energy announced late last week that it will purchase the power generated from a 300-MW wind farm to be built in Texas by Lincoln Renewable Energy. The wind farm project is approximately 50 miles southwest of Amarillo, Texas and will include 160 wind turbines. The City Council is scheduled to vote on the PPA during its meeting on February 27.
The new, 300-MW power purchase agreement (PPA) replaces a 170-MW wind PPA with E.ON Climate & Renewables, which declined to proceed due to tax and financing issues after winning an Request for Proposals (RFP) issued by Austin Energy. The new PPA with Lincoln Renewable Energy includes a shorter, 18-year term and a lower price (by about $2/MWh) than the 25-year PPA with E.On Climate & Renewables.
The Lincoln wind farm commenced construction in November 2013 and is eligible for the federal production tax credit (PTC) for wind, as the PTC is currently available only to projects that either (i) started construction or (ii) can show sufficient financial commitment by the end of 2013.
Increasing the PPA capacity from 170 MW to 300 MW will also better support Austin Energy's goal of achieving 35 percent renewable generation resources by 2020.
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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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