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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.

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Industry News

PacifiCorp Issues RFP for Over 4,300 MW of Generation Resources

LCG, July 9, 2020--PacifiCorp Monday issued the largest request for proposals (RFPs) for energy projects in company history, seeking more than 4,300 MW in solar, wind and battery storage resources that can connect to its 10-state transmission system and achieve commercial operation by December 31, 2024.

PacifiCorp received approval for its RFP and schedule in Utah Docket No. 20-035-05 and in Oregon Docket UM 2059 on July 2. The company had established an action item out of PacifiCorp's 2019 Integrated Resource Plan (IRP) to conduct an all-source RFP in 2020 (2020AS RFP).

The 2019 IRP preferred portfolio includes 1,823 MW of new proxy solar resources co-located with 595 MW of new proxy battery energy storage system (BESS) capacity and 1,920 MW of new proxy wind resources. Projects must achieve commercial operation by December 31, 2024. PacifiCorp will also accept bids from long-lead time pumped storage hydro resources requiring longer lead time to develop and construct that places the project completion beyond 2024.

PacifiCorp's vice president of resource planning stated, "These projects represent PacifiCorp's longstanding and enduring commitment to create an energy future that is affordable, reliable and increasingly sustainable. Our All-Source RFP is a catalyst to help realize that future and enable our customers and communities across the West to benefit from lower-cost renewable energy to grow their economies, run their businesses and homes."

Under 2020AS RFP, PacifiCorp is seeking proposals for competitively priced resources capable of interconnecting with or delivering to PacifiCorp's transmission system in its east or west balancing authority areas (PACE and PACW, respectively).

PacifiCorp does business as Pacific Power in California, Oregon and Washington and as Rocky Mountain Power in Idaho, Utah and Wyoming. PacifiCorp is owned by Berkshire Hathaway Energy.
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