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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.

Read more

Industry News

New York Needs Power Plants, City Council Told

LCG, July 12, 2000--The Consumer Affairs Committee of the New York City Council was told yesterday that if they didnt want brownouts and the threat of blackouts during hot summer days they had better get used to the idea of new power plants, the New York Times reported this morning.

Following a blackout on the Upper East Side of Manhattan on June 26, the panel asked officials of Consolidated Edison Co. of New York and the New York State Public Service Commission to appear and explain why. Con Edison had cut power to a two-block area on a day that turned out to be the third-highest date of energy use in the citys history.

Eugene R. McGrath, chairman of Con Edison, and Maureen O. Helmer, chairwoman of the regulatory commission showed up, but they didnt bring apologies. They told the city politicians that it was their job to convince residents who have raised environmental objections to new power plants that the plants were a necessity.

McGrath told the panel that the balance of electric power supply and demand had grown increasingly uneven since the last powerhouse was built in the city 25 years ago. The Times said he suggested a bleak future if plants were not constructed.

The head of the Public Service Commission was just as direct. "I would ask you to work with your constituents to deliver the message that New York City, like other areas of the Northeast, the Midwest and California, is indeed in a very serious situation," Helmer said. "The most important step we can all take is to expedite the process for power plant siting."

That isnt what the panel wanted to hear. According to the paper, several of the Committee members took the floor to complain that electric deregulation wasnt working or that the environment was in danger from power plants.

It will take some more blackouts in the Big Apple for the politicians to get the message.
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