S&P Global Platts

Download our Sample Report: FastLMP: A mixed model approach for battery storage project site evaluation in ERCOT

FastLMP is a new S&P Global advanced forecasting product that provides locational marginal price (LMP) basis forecasts for thousands of points in the Electric Reliability Council of Texas (ERCOT) and PJM wholesale power markets. FastLMP harnesses the power of sophisticated statistical models and machine learning to provide consistent nodal price basis forecasts at a user’s fingertips. The S&P Global North American Power Market Outlook (Planning Case) is the foundation for these statistical forecasts.

Among the many powerful applications of FastLMP is the ability to quickly screen and identify promising nodes for battery storage projects. Moreover, users can make rapid, preliminary assessments of a large number of potential project sites.
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