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Follow on Google News | Proposed Policy Options for ERCOT System AdequacyLCG Consulting (LCG) of Los Altos, California offers to evaluate the impact of the policy options proposed in the recent ERCOT system adequacy and investment study.
By: LCG Consulting Option 1 – Business as Usual Case: Energy-Only with Market-Based Reserve Margin Option 2 – Make Whole Payment Case: Energy-Only with Adders to Support a Target Reserve Margin Option 3 – RMR Unit and Scarcity Price Case: Energy-Only with Backstop Procurement at Minimum Acceptable Reliability Option 4 – Capacity Market Case: Mandatory Resource Adequacy Requirement for LSEs Option 5 – Forward Market for Capacity Case: Resource Adequacy Requirement with Centralized Forward Capacity Market Auction LCG feels that the potential market design changes will inevitably affect the business strategy of many market participants and present opportunities to invest in new traditional or renewable generation to mitigate the expected generation inadequacy. LCG proposes to perform full network simulations of the ERCOT electric grid to forecast the trend of electricity prices and its impact on costs and revenues of the generation portfolio or load obligation. LCG’s analysis would cover combination of the proposed policy options for the ERCOT nodal market for any time horizon. The cases will be developed in consultation with individual market participant and could be customized to meet their specific needs. Standard deliverables of LCG study include forecasts of hub and load zone prices, LMPs at the specified buses, congestion, generator performance, and other additional mutually agreed output. Please contact Julie Chien (julie.chien@ 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 offers a full range of consulting services and specialized software products for energy producers, suppliers and traders seeking to optimize resources in a cost effective fashion. Its UPLAN suite of models, which offers significant modeling flexibilities and capabilities, has been used extensively to conduct market operation simulations and studies for electrical systems throughout the world. Contact: Julie Chien LCG Consulting julie.chien@ http://www.energyonline.com End
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