EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Blackouts Ripple Through California

LCG, Jan. 18, 2001Californians were bracing for a second day of rolling blackouts as demand for electric power was expected to exceed available supply by even more than it did yesterday when hundreds of thousands were without electricity for periods of around two hours.

Yesterday morning, the California Independent System Operator had about 30 percent less power than it wanted, and today expected to awaken more than 60 percent short, but expected to find some power. It probably won't be enough.

Patrick Dorinson, a spokesman for Cal-ISO said in mid-morning today that the agency was still about 9,000 megawatts short of covering an expected peak demand of 31,856 megawatts. "We're in pretty much the same situation we were in yesterday," he said.

Consumer watchdogs are pointing fingers at the companies that bought power plants divested by the state's electric utilities as part of California's restructuring plan. Some activists charge that the "out-of-state" power producers are withholding power just to keep prices high.

Duke Energy Corp. gave the lie to that accusation yesterday at the Morro Bay plant it purchased from Pacific Gas & Electric Co. Morro Bay is a 44-year-old facility with a capacity of about 1,000 megawatts. Yesterday morning Unit 1 was running nearly at its capacity, producing 162 megawatts of power out of a possible 169.

At 11:30 a.m., Unit 1 began to shake with turbine vibration and tripped off line. Duke put everyone it had on the job and had Unit 1 back online in two hours. Duke said that last year Morro Bay had the second-highest capacity factor in its long life.

California Gov. Gray Davis, his plan for the state to act as a broker, buying electricity and reselling it at cost to the state's cash-strapped utilities, still working its way through the state legislature, signed an emergency order late last night authorizing the state Department of Water Resources to buy power.

The governor didn't say how much the state would be willing to pay for power under those deals, but the "brokerage" bill passed Tuesday by the Assembly, the legislature's lower house, put a cap of 5.5 cents per kilowatt-hour on what the state would pay.

Several power wholesalers who had threatened to push PG&E and Southern California Edison Co. into bankruptcy unless their bills were paid this week told the governor they would cut the companies a little more slack in the legislature passed the "brokerage" bill by the end of today.

Yesterday's blackouts affected most of the state from the Tehachapi Mountains north, including the cities of Sacramento and San Francisco. More was predicted today, with possibly more people affected.

During the blackouts, a man driving east on Interstate 580 passed the huge Altamont Pass wind farm and noticed that the windmills were still in the light airs. He called Cal-ISO and demanded that the windmills be turned on, a source at the agency said unofficially.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service