Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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Press Release

ERCOT Nodal Market – Updated 2011 ERCOT Electricity Market Report

LCG, July 12, 2010 -- LCG Consulting will release by the end of August 2010 their 3rd quarter 2011 report on the Texas electricity market showing the potential impacts of operating in the proposed nodal market structure.

Using the proprietary UPLAN model and the most recent ERCOT (Electricity Reliability Council of Texas) protocol and data combined with well accepted methodology, LCG simulates hourly operations of the ERCOT electricity market. With this report power generation companies, traders, merchants, bankers, utilities and other market players can more accurately predict the opportunities and risks in the ERCOT electricity marketplace.

The report includes forecasts for LMPs (Locational Marginal Prices), A/S (Ancillary Services) prices, hub prices, zonal prices, and congestion costs (CRRs). The report can be customized to include additional details such as generator performance, hourly LMPs, transmission congestion, and other information of interest.

The 2011 ERCOT Market Report is based on assumptions of electricity demand forecast, generation capacity by fuel type and by zone, and transmission constraints. The results include hourly hub prices for West, North, South, Houston, ERCOT bus averages, and EROCT hub averages. It also includes hourly prices for the load zones.

UPLAN Network Power Model replicates the behavior of regional power markets and power systems to simulate the financial and physical operations of entire grids. It simulates the bidding process for the Energy and Ancillary Service markets and dispatches generators hourly, using region-specific protocols.

About LCG Consulting:
With more than 25 years of experience, LCG Consulting is a pioneer and market leader in modeling the competitive energy market. LCG Consulting offers a full range of consulting services and software products for energy producers, suppliers and traders seeking to optimize resources in a competitive energy market.

Julie Chien, Director
LCG Consulting

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Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service