EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Calpine and ExxonMobil Sign CO2 Transportation and Storage Agreement for CCS Project in Texas

LCG, April 24, 2025--Exxon Mobil Corporation (ExxonMobil) announced yesterday an agreement with Calpine Corporation (Calpine) to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a natural gas-fired facility located near Houston, Texas. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to add CCS for the facility’s CO2 emissions. The Calpine facility could then provide a 24/7 supply of low-carbon electricity to the Texas grid plus steam to nearby industrial facilities.

Read more

Doral Renewables Selects NovaSource as Partner to Deploy the 1.6-GWdc Mammoth Solar Project in Indiana

LCG, April 21, 2025--NovaSource Power Services ("NovaSource") recently announced that it has partnered with Doral Renewables and has been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.

Read more

Industry News

Reporting to Energy Price Index Publications Falls Off

LCG, Nov. 15, 2002--Traders at a number of large energy companies have begun not to provide any price data concerning their transactions to industry publications, and in some cases are releasing the information themselves through their risk oversight units.

The likely result of the change in reporting patterns is to make the price indexes less representative and reliable as a source of market information. William Hogan, a professor at Harvard University who serves as director of research for the Harvard Electricity Policy Group, told the Wall Street Journal, "The tradeoff here is between easy access to imperfect information and difficult access to better information. It's not completely obvious to me which one is beter and which is worse. There is a real danger here that everybody decides to clam up."

Regional differences in the numbers of deals taking place will affect some indexes more than others, where the published indexes are concerned. One of the most widely known set of indexes is published by Platts, a company owned by McGraw-Hill Cos. Both electricity and natural gas, for which trading volumes are greater, have experienced changes. Constellation Energy Group, El Paso, Reliant Resources Inc., PPL Corp., Williams and CMS are no longer reporting prices in any way.

While some companies have disclosed that false prices were submitted to index publishers by their traders and are now cooperating with federal authorities, others who may fear being subpoenaed appear to have decided it is less risky to simply not report should they make an error in reporting. "If you start losing the price transparency, it creates advantages for big companies and probably leads to higher prices," said Phili Verleger Jr., an economic consultant in Newport Beach, Calif.
Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation 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