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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
Narragansett Electric Asks to Cut Rates
LCG, Aug. 29, 2001--Narragansett Electric Co. said yesterday it has filed a request with the Rhode Island Public Utilities Commission to allow it to reduce electric rates to reflect the current lower cost of power it purchases on behalf of its customers taking standard offer service. More than 99 percent of Narragansett's customers take standard offer service. The lower costs are the result of a decline in the price of oil and natural gas, Narragansett said. The company said it does not profit from increases or decreases in power supply costs, which are directly passed through to the customer, but regulators need to approve the changes.Narragansett said the current request would, if approved, knock more than a penny off the price of a kilowatt-hour of electricity. The typical householder using 500 kilowatt-hours of electricity per month would see a reduction of $5.38 in his electric bill.Michael Ryan, an executive vice president of the utility, said the reduction would produce rates lower than any since 1997."We are pleased to be submitting this rate reduction and hope that fuel prices will continue at theircurrent levels so that we can maintain stable rates for our customers," Ryan said. "It was only a yearago that we experienced extraordinary increases in the cost of fuel. Since then, we have seen asignificant decrease in those prices." Narragansett Electric serves 460,000 customers in 38 Rhode Island communities and is adistribution subsidiary of National Grid.
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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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