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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.
Read more
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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
New Jersey Steps Forward to Add 1,100 MW of Offshore Wind
LCG, September 20, 2018--The New Jersey Board of Public Utilities (NJBPU) on Monday approved an order opening an application window for a record setting 1,100 MW of offshore wind capacity.
The New Jersey Governor has set a goal to install 3,500 MW of offshore wind capacity by 2030. The Governor has requested the NJBPU to pursue an additional 1,200 MW solicitation in 2020 and another 1,200 MW solicitation in 2022, which could lead to the Governor achieving his goal well before 2030.
The NJBPU intends to act on the applications by July 1, 2019, which the State believes should provide sufficient time for developers to qualify for federal investment tax credits (ITC) that expire at the end of next year. Qualifying for the credits could save New Jersey ratepayers approximately 12 percent of the total project cost.
The Governor has also signed an executive order directing the development of an updated Energy Master Plan (EMP) for the State to achieve a goal of 100 percent "clean energy" by 2050. The New Jersey Renewable Energy Standard includes a goal of 50 percent renewable energy by 2030.
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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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