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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

Power Crunch Could Short Circuit 'New Economy'

LCG, Oct. 25, 2000--A former editorial page editor for USA Today came down hard on the Environmental Protection Agency yesterday, saying that the federal agency's anti-coal stance is preventing development of electricity sources needed by "New Economy" industries such as the Internet and telecommunications.

"(Electricity) is what turns on and off the switches in all those silicon computer chips. It's what makes telecommunications links and the Internet hum," wrote Duane Freese, an editorial page editor and writer for USA Today for 13 years and now an adjunct scholar at the Lexington Institute and columnist for Tech Central Station.

Freese said "this summer's brownouts and blackouts from San Francisco to Detroit expose howvulnerable the new economy is to lack of production from the old." And he lays a lot of the blame on the EPA.

Noting that coal-fired power plants provide 53 percent of U.S. electricity generation, Freese concludes that coal, in the form of clean coal technology, is the power plant fuel of the future. He takes the Department of Energy and its EPA unit to task for not coordinating their efforts.

"In the usual way government works in which one hand ignores what the other is doing, the Energy Department has promoted the development of clean coal technology even as the EPA has gone to war against the substance. More than $5 billion has been invested," Freese wrote.

Freese pooh-poohs nuclear power, saying "most nuclear plants (are) set to be mothballed," and ignores natural gas altogether. But he is correct when he writes "Not wind, not solar, not hydroelectric, not conservation, not any combination of those things can meet the nation's electric needs."

Though Freese has misread the message a bit, he is also correct when he says "Someone needs to deliver that message to environmental regulators before the Internet goes blank and people start shouting: Where's the juice."

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