EnergyOnline

PRESS RELEASE

LCG Publishes 2022 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, February 8, 2022 – Texas has incorporated dramatic fuel mix and transmission changes over recent years, breaking its own 2020 record in wind production again in 2021. As part of an ongoing series, LCG Consulting has released its annual outlook of the ERCOT wholesale electricity market for 2022, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2021 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, March 11, 2021 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2021. The Outlook represents the operation of ERCOT wholesale electricity market under “business as usual" conditions, as is always the case in the Outlook.

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Winter Storm Event Decimates Texas Power Supply

******** February 19, 2021 update--The Electric Reliability Council of Texas (ERCOT) expects to come out of emergency conditions later this morning, the wholesale electricity prices is back to pre emergency level. ******** LCG, February 18, 2021-–Extreme winter weather swept across the central and southern states over the week beginning Feb 8, bringing record low temperatures and heavy snow.

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2021 Will Present New Challenges for Congestion Revenue Rights (CRRs) in CAISO

LCG, September 4, 2020--LCG Consulting completes a comprehensive congestion analysis for 2021 in California ISO (CAISO).

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NEWS

Energy Harbor and Standard Power Announce Plans to Develop Data Infrastructure Using Carbon-Free Nuclear Power

LCG, May 10, 2022--Energy Harbor Corp. and Standard Power announced yesterday that they have signed a Memorandum of Understanding (MOU) to develop a large-scale, carbon free data infrastructure operation adjacent to Energy Harbor's Beaver Valley nuclear facility, the Davis-Besse Nuclear Station, in Shippingport, Pennsylvania.

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Minnkota Power Cooperative and Summit Carbon Solutions Announce Agreement to Co-develop Carbon Sequestration Sites

LCG, May 5, 2022--Minnkota Power Cooperative (“Minnkota”), a North Dakota-based electric generation and transmission cooperative, and Summit Carbon Solutions (“Summit”), an Iowa-based firm focused on the decarbonization of the agriculture and biofuels industries, recently announced that they lhave reached an agreement to co-develop carbon dioxide (CO2) storage facilities near Center, North Dakota.

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Vistra's Brightside Solar Facility Begins Operations in Texas

LCG, April 14, 2022--Vistra yesterday announced that its Brightside Solar Facility in Live Oak County, Texas, is now online and delivering power to the grid. The initial solar PV project construction began in January 2021.

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Energy Market Prices and Loads

Energy Price (Actuals)
ERCOT $77.38
MISO $48.38
NYISO $37.66
NEISO $60.42
CAISO $23.1
PJM $59
Load (Actuals)
ERCOT 33490 MW
MISO 61180 MW
NYISO 14179 MW
NEISO 9933 MW
CAISO 26524 MW

LCG NEWS

LCG Publishes 2022 Annual Outlook for Texas Electricity Market (ERCOT)

NorthRenew Energy's Mesquite Sky Wind Project Commences Construction

Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

Texas Solar Project Sold to CIP

NorthRenew Energy achieved financial close for TG East Wind Project



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The Locational Marginal Price Model (LMP) Network Power Model
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Day Ahead and Real Time Market Simulation
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Day-ahead and real-time portfolio revenue optimization
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Generation and Transmission Planning and Optimization
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The Gas Procurement and Competitive Analysis System
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Database of Plants, Loads, Assets, Transmission...
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Annual summary of prices, congestion and important events in ERCOT
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