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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
PJM Submits Shipment Reliability Report
LCG, August 14, 2002-PJM Interconnection, responsible for reliability in the mid-Atlantic states, is developing methods to prevent inconsistencies between scheduled and delivered electricity and has submitted its report to federal regulators.Last month PJM found that price signals were affected by misappropriated electricity, causing higher power prices. Energy companies had sent as much as 3,000 MW capacity by way of a western transmission line although none had been scheduled for the line. This inconsistency caused a $70 price gap between western and southern electricity in the region.The names of the involved companies have not been released by PJM, but the grid operator has altered its market rules and is developing the Locational Marginal Pricing System, or LMP.Until LMP is in place, which would put a premium on electricity sent to areas with generation or transmission limitations, PJM will use the rule changes it instated in July.Since the discovery of the scheduled-delivered energy discrepancy, electricity sent between Mid-Atlantic and Midwest areas will have prices assigned to it at the boundary between the two regions' transmission control areas.Those companies involved in sending electricity by way of unscheduled routes will not be prosecuted, according to PJM market monitoring unit manager Joseph Bowring.
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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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