EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

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

PNM to Build Plant, Provide Power to TNMP

LCG, July 3, 2001Public Service Co. of New Mexico said yesterday that it had signed a long-term wholesale power supply agreement with Texas-New Mexico Power Co. and would build a new power plant near Las Cruces, N.M., to produce some of the electricity.

The new facility will be located about 12 miles west of Las Cruces, which is the chile pepper capital of the world. The 135 megawatt natural gas-fueled plant is expected to begin commercial operation in the autumn of next year, with expansion to 220 megawatts planned for late 2003.

PNM noted that the new plant will be its first investment in new power supply for the competitive wholesale electricity market.

The contract with TNMP, which runs from July 1 of this year until Dec. 31, 2006, will provide varying amounts of firm power through 2002 to complement existing contracts TNMP has in place, PNM said. As those contracts expire, PNM will replace them and become TNMP's sole supplier beginning Jan. 1, 2003. In the last year of the contract, TNMP will need 114 megawatts of firm power.

"Reliable service at stable prices is important to our customers," said TNMP chief executive Jack V. Chambers. "This agreement is an important step in insulating our customers from the dramatic price fluctuations and reliability problems that California has experienced."

"We are providing TNMP not only its power supply but also key services, including scheduling and dispatching of the wholesale power," said Jeff Sterba, PNM chairman and chief executive. "PNM will act as TNMP's agent to procure, schedule and dispatch wholesale power on TNMP's behalf."

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service