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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

Florida Committee Grapples with Electric Dereg

LCG, Jan. 19, 2001Florida Gov. Jeb Bush's Florida Energy 2020 Study Commission, due to place its recommendations before the governor next month, yesterday debated a proposal to allow out-of-state companies sell power to the state's utilities, the Miami Herald reported this morning.

The paper said that state lawmaker are likely to take up the issue when the state legislature convenes in March, but Florida is unlikely to see retail electric competition soon. Groundwork could be laid for competition at the wholesale level, though.

Some panel members questioned the urgency of even wholesale competition. "What's the rush?" asked Sandra Morthan, a former Florida secretary of state.

In a meeting with the Herald's editorial board on Thursday, Bush said California's experience underscores the importance of proceeding speedily but carefully with deregulation in Florida. "It will require an act unknown in Tallahassee, which is to think and plan ahead of the crisis point," Bush said, adding later "The California thing should speed us up rather than slow us down."

Bush said Florida's growing demand for energy will likely outstrip supply in less than 10 years, and perhaps as soon as in 8 years. It takes about five years for a new plant to come on line, he said, adding that deregulation of the state's wholesale market should come only after steps are taken to increase capacity.

In Florida, large industrial and commercial electricity users are clamoring for the right to purchase power in a competitive market, but the state's big utilities, Florida Power & Light Co., Tampa Electric Co. and Florida Power Corp. are staunchly defending their turf against out-of-staters.

Duke Energy Corp. was rebuffed in its plans to build a merchant power plant in New Smyrna Beach, but that hasn't stopped Calpine Corp. and others from planning such generators in Florida. The utilities don't want to see that happen.

Florida's investor-owned utilities say merchant plants aren't necessary, the Herald said. FPL, for one, says the combination of existing plants and new construction will serve the needs of its customers for years to come.

"There is no need for hasty changes," FPL President Paul Evanson said last month. "Indeed, if you were to change nothing about the way the system presently operates today, the system would continue to work well and Floridians would continue to benefit from abundant, low-cost, reliable electric power."

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