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News
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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.
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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
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Industry News
Virginia Panel Okays Changes in Dereg Law
LCG, Jan. 23, 2001The Virginia Senate Commerce and Labor Committee has approved amendments to the state's 1999 electric utility deregulation law even though one of them could mean higher rates for customers in the southwestern part of the state after rate caps expire in mid-2007.The changes, which were backed by state Attorney General Mark L. Earley as well as businesses and utilities, would establish, among other things, a pricing method for default service, provided those customers who do not seek out alternative sources of electric supply or are unable to.Default service would also come into play if competition does not develop as expected.State Sen. Yvonne B. Miller was not enthusiastic about the "rush" to deregulate electricity and said she "was almost in terror" that Virginia could end up like California. State Sen. Thomas K. Norment Jr., who was guiding the amendments through committee calmed her nerves."My dear friends in California, they acted irresponsibly and they acted hastily," Norment said, afterticking off the differences between the California and Virginia laws. He added "It's not my intention to leave a failed deregulation of electricity as my legacy."Virginia's two largest electric utilities, Virginia Electric & Power Co., a subsidiary of Dominion Resources Inc., and American Electric Power Co. of Ohio, object to a proposal by the Virginia State Corporation Commission that default service rates be set by traditional cost-plus ratemaking, saying that approach would stifle competition.The utilities want the rates based on so-called "shadow markets," or regional electricity markets near Virginia where competition has developed. If such can't be found, the amendments would create an artificial market, upon which the rates could be based.Observers who were quick with their slide rules noted that Virginia Power's bills would peak in the summer and be a little lower the rest of the year. But AEP's customers in southwestern Virginia who use 1,000 kilowatt-hours of electricity per month would see a rate increase of about 20 percent.If competition does develop as expected, the amendments will prove wholly unnecessary. However, the pricing plan for default service must be settled before utilities can place their generation assets into unregulated subsidiaries, as planned, this year. The plants will be deregulated next January.
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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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