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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

International Power Plans 580 Megawatt Long Island Plant

LCG, June 26, 2001International Power Plc, the British global energy company formed from the breakup of National Power, said this morning it has applied to New York state regulators for permission to build a 580 megawatt natural gas-fueled, combined-cycle power plant in Brookhaven on Long Island.

The company said the New York State Board on Electric Generation Siting and the Environment will have 60 days to determine whether the application is complete and, if it is, another year to reach a final decision on the plant.

Under this schedule, International Power said it hopes to begin construction of the Brookhaven plant in the second half of 2002 and have the plant ready for commercial operation in late 2004.

"Brookhaven will provide 580 megawatts of clean and affordable new generating capacity to the supply constrained Long Island power market where electricity prices are high and power plant siting is very difficult," said Peter Giller, International Power's chief executive.

The New York Independent System Operator has estimated that 8,600 megawatts of new generation is required in the State by 2005 to avoid higher prices and the possibility of unreliable supplies. Presently, only about 1,700 megawatts of new capacity is under construction in New York.

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