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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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 Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

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

Industry News

FERC Approves Market Redesign Changes Proposed by California ISO

LCG, September 22, 2006--The Federal Energy Regulatory Commission (FERC) unanimously approved the Market Redesign and Technology Upgrade (MRTU) program submitted by the California Independent System Operator (California ISO). The MRTU is designed to improve the electricity market structure in California to enable a more efficient and competitive market to evolve.

Key elements of the MRTU include: a financially binding, day-ahead energy market, or Integrated Forward Market; the use by the California ISO of a Full Network Model of the grid to forecast and identify transmission congestion as a tool in managing congestion; simultaneous consideration of energy and ancillary services (reserves); Locational Marginal Pricing (LMP); and strengthening resource adequacy requirements for load-serving entities.

The FERC also directed the California ISO to expand upon price-responsive demand programs within sixty days of the order. Furthermore, the FERC directs the California ISO to schedule technical conferences to address commenter concerns, including operational rules regarding seams issues with other transmission service providers in the West.

The MRTU is scheduled to be implemented in November 2007.


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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power 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