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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 City Begins Testing Mini-Power Plants

LCG, June 5, 2001The New York Power Authority said yesterday it has begun testing the 11 mini-power plants it is installing in New York City and on Long Island in order to provide 484 megawatts of much-needed power this summer and avoid California-style blackouts.

"We successfully tested unit 1 at Hell Gate in the Bronx this morning. We started the unit up, ran some tests and synced it to the grid," Luis Rodriguez, a spokesman for the NYPA, told Reuters news service.

Rodriguez said that 10 of the 11 turbine generators will be tested by the end of this month, Rodriguez said, but one unit in the Williamsburg section of Brooklyn was delayed by lengthy site preparation.

Last summer, New York City escaped serious power supply problems only because of mild weather, the New York State Public Service Commission found, but the PSC said at the time that the city would need at least 315 megawatts of additional generation for this summer.

The commission asked the NYPA to develop a plan to meet the power shortfall and the installation of the 11 small turbines began earlier this year. The project will cost more than $500 million.

Where two 44 megawatt turbines are installed on a single site, output will be limited to 79.9 megawatts to avoid violating a state law that requires any power plant 80 megawatts or larger to be approved by the State Siting Board, a process that takes a year or more and would have prevented the plants from being on line this summer.

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