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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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Press Release
LCG Consulting is to release comprehensive 2015 CAISO CRR auction values just prior to auction
LCG, August 1, 2014--LCG Consulting of Los Altos, California is to release California ISO (CAISO) Congestion Revenue Rights (CRR) Annual Auction results prior to the Tier 1 nomination window close on September 18, 2014.
Congestion revenue rights are financial instruments used by entities in the CAISO markets, primarily, to hedge against congestion costs in the CAISO day-ahead market. CRRs are mainly obtained through CRR allocations and CRR auctions. LCG will forecast the expected value of all CRR biddable locations over the peak and off-peak periods of 2015. LCG has produced forecasts, for several existing clients in California, prior to the Monthly CRR Auction Tier 1 Nominations for eight consecutive auctions in partnership with Power Market Consulting, Inc. (PMCI) who provides distribution and additional analytics. Henry Shin, President of PMCI reflected on LCG's offering saying, "LCG’s forward-looking analytics complement our historical analytics and provide a comprehensive set of analytics customized for our CRR clients. In addition to CRR analytics, LCG staff has provided very timely and relevant market insights to our CRR clients by explaining the price and congestion drivers in the CAISO market."
To develop the CRR forecasts, LCG Consulting uses its UPLAN Network Power Model (UPLAN-NPM) to forecast prices based upon frequent updates of the most current market information obtained from a multitude of sources. The database updates reflect revised forecasts of fuel prices, load or wind generation; new announcements regarding transmission or generator outages (or the return to service); the retirement of generators; and the commencement of commercial operation of newly installed generators. Please contact LCG at [email protected] for the auction forecasts.
UPLAN-NPM simulates the electricity market using Security-Constrained Unit Commitment (SCUC) and Security-Constrained Economic Dispatch (SCED), with a full (AC or DC) network transmission model and projects hourly Locational Market Prices (LMP). It performs coordinated marginal (opportunity) cost-based energy and ancillary service procurement, congestion management, full-fledged contingency analysis using SCUC and Reliability (or Residual) Unit Commitment (RUC) and SCED similar to those used by most market operators in the country, including CAISO. Information regarding UPLAN-NPM is available at http://energyonline.com/Products/UPlane.aspx
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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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