What is Gen-X?
- Long-term generation expansion model
- Generation expansion planning using Mixed Integer Programming (MIP)
- Solving multiple-year challenge in one shot with user specified granularity
- Optimal size, timing and location of new entrants for both thermal and renewable generation
- Simultaneous cost minimization and profit maximization
- Support LOLP/reserve margin target
- Maximize hydro utilization
- Adhere transfer limits between areas
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Allow multiple fuel limits
- Multiple generators share multiple fuel contracts
- Optional zonal system with flexibility to model full network if needed
- Minimize NPV of costs including capital investment and operating costs
PRESS RELEASE
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LCG Develops Prototype for Real-Time Remedial Action Screening
LCG, May 15, 2014-LCG Consulting of Los Altos, California has completed the development of a prototype that incorporates the basic functionality necessary to prove the effectiveness of the composite Lyapunov function-based transient stability analysis method. LCG has been working on a visual interface that will enable the operator to constantly monitor and analyze the status of the electrical network. With this interface, the operator can conveniently view data on a geographical map. The viewable data include phase angle, frequency, voltage at key substations along with power flows, overloads and other critical information on transmission paths and flowgates.
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Congestion on the Horizon for the SPP Integrated Marketplace
LCG Consulting (LCG) of Los Altos, California has performed an electricity market assessment and forecast of SPP. Congestion is imminent.
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LCG Releases ERCOT Electricity Market Outlook for 2013, 2014, 2015, 2016 and 2017
LCG, January 11, 2013 –LCG Consulting (LCG) of Los Altos, California has released the electricity market assessment and forecast of ERCOT operations for the years 2013, 2014, 2015, 2016 and 2017. These reports are based on ERCOT SSWG transmission topology and UPLAN simulations using ERCOT nodal protocol. Hourly simulation results are also available for 2015 and 2017 using ERCOT Regional Planning Group’s transmission plan.
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ERCOT System Adequacy Study
LCG, September 20, 2012 - LCG Consulting (LCG) of Los Altos, California offers to evaluate the impact of the policy options proposed in the recent ERCOT system adequacy study. LCG proposes to perform full network simulations of the ERCOT electric grid under a number of scenarios such as various levels of offer cap, a new capacity market or other market changes of interest to forecast the trend of electricity prices and its impact on costs and revenues of the generation portfolio or load obligation.
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DOE Award on Dynamic Simulation Tools and Measurement-Based Control
LCG, Sept. 20, 2012 - LCG Consulting (LCG) of Los Altos, California, is a part of the consortium organized by Michigan State University, which is recently awarded a $1.5 million grant by the Office of Electricity Delivery and Energy Reliability under DOE Advanced Modeling Grid Research Program.
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2015 ERCOT Electricity Market Outlook
LCG, March 23, 2012 – LCG Consulting has released its findings concerning future grid operations and market conditions in ERCOT in a new report, 2015 ERCOT Electricity Market Outlook, which summarizes hourly simulations for the entire year. The 2015 Outlook report will be of interest to market participants needing in-depth insight into key metrics such as load zone and hub prices, ancillary service (A/S) prices, hub prices, transmission lines experiencing significant congestion, and the value of congestion revenue rights (CRRs).
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NEWS
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FGE Power Reaches Agreement to Finance and Construct 1,500-MW Natural Gas Project in Texas
LCG, July 23, 2014-FGE Power, LLC yesterday announced an agreement to partner with an affiliate of Starwood Energy Group Global LLC to finance and build two, 747-MW combined-cycle gas turbine facilities in Mitchell County, Texas. Phase I of the project, FGE Texas I, is planned to commence construction this fall and achieve commercial operations no later than early 2017. Phase II, FGE Texas II, will add an identical 747-MW power block, with construction to start in early 2015 and reach commercial operations by the summer of 2017. The FGE Texas Project (FGE Texas I and FGE Texas II) represents over $1.2 billion of direct investment.
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Minnesota Power Reaches Settlement Agreement with EPA Over NSR Allegations
LCG, July 17, 2014-Minnesota Power, a utility division of ALLETE, Inc., announced yesterday that it has reached a settlement agreement with the Environmental Protection Agency (EPA) and the Minnesota Pollution Control Agency to resolve alleged violations of the New Source Review (NSR) provisions of the Clean Air Act. The agreement does not include any admission of wrongdoing on the part of the company. Minnesota Power is one of many utilities in the U.S. whose investments in electric generation facilities were reviewed as part of the EPA's Coal-Fired Power Plant Enforcement Initiative that began in 1999 and resulted in over 25 related settlements.
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Markets
Current Energy Market Conditions
| ERCOT |
$24.82 |
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| MISO |
$29.68 |
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| NYISO |
$37.58 |
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| NEISO |
$48.77 |
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| CAISO |
$29.85 |
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| PJM |
$34 |
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| ERCOT |
40615 MW
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| MISO |
83541 MW
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| NYISO |
23059 MW
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| NEISO |
18459 MW
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| CAISO |
26077 MW
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| About EnergyOnline EnergyOnline® is a Registered Trademark of LCG Consulting.
Registration No. 2,566,432 U.S. Patent and Trademark Office. EnergyOnline.com is a web service of LCG Consulting. LCG has successfully modeled the highly complex electricity and gas industries, allowing informed prediction the prices, asset valuations, and volatility under free market conditions. LCG provides news, products, consulting services, and forecasting tools to the energy industry worldwide. Keep ahead of the market with the latest software products and databases for utility analysis and forecasting. Attend our workshops to stay abreast of the industry's restructuring process. Interested in working for LCG? Check our jobs page. |
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