Since the introduction of wholesale competition, LAI has been working with ISOs throughout the Northeast on a broad range of issues pertaining to market design.  We understand the pros and cons of alternative auction designs, locational demand curve frameworks, and other ISO innovations to promote resource adequacy.  Locational ICAP markets adhere to principles of cost causality, but create complex tradeoffs for load serving entities, transmission owners, and the ISOs.  LAI's team of diversified experts can reliably measure these tradeoffs.

LAI incorporates current and proposed market designs in our locational energy and capacity price forecasts.  Our load flow models reveal transmission congestion patterns in differentiating hourly energy prices.  We understand bid dynamics and the complexities of multi-part bidding in the day-ahead and real-time markets.  Lenders and investors rely on our forecasts for critical investment decisions.

LAI has an integrated suite of power market models that can be tailored to individual matters.  For production simulation analysis, we license Global Energy's MarketSym chronological model.  We supplement MarketSym results with in-house proprietary models that determine plant entry and attrition, ICAP prices by transmission constrained zone(s), and volatility.

To assess the range of market outcomes, we can:

	Forecast natural gas and electricity prices by location
	Evaluate the impact of generation attrition, new entry and transmission infrastructure changes on locational prices
	Decipher arcane transmission tariff provisions, financial hedging techniques associated with transmission rights, and the functionality of new market mechanisms
	Design advanced quantitative solutions for complex commercial transactions
	Work with stakeholders and regulatory agencies to foster consensus
	Conduct decision analysis