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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
Nevada Power Tries to Make Rates More Manageable
LCG, March 25, 2002-Nevada Power produced a new plan to reduce the effect of the $922 million rate increase its customers will be saddled with.On Friday the Nevada generator presented an adjustment to its previous three year plan to increase rates by 21 percent. The new plan increases rates by 8.8 percent over six years instead.Basic economics says that this results in higher costs because customers would have to deal with interest over more periods.State Consumer Advocate Tim Hay says he may appeal the rate case if the Nevada Public Utilities Commission does not reduce rates.However, according to the Las Vegas Review, Nevada Power chief executive Walt Higgins said that the plan offered hope in the face of rate increases and future power shortages.The $922 million was spent last year purchasing wholesale power and fuel. According to Higgins, Nevada Power's plan is made possible by an agreement with Reliant Energy and Williams Cos. High- and low-cost power contracts could then be mixed according to "blend and extend" agreements.In addition, Nevada Power will buy power from Williams and promptly sell it back to Williams at a profit. At the end of a specified period, Williams would then purchase power from Nevada Power and sell it back at a profit.Many in the state, such as state Senator Randolph Townsend (R ), still oppose the rate increase, citing state law that only allows for rate increases for practical expenditures.
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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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