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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

Cal ISO Warns of Possible Power Shortages

LCG, Oct. 3, 2001--The California Independent System Operator warned yesterday of possible electricity shortages as 9,300 megawatts of generation could be off-line toward the end of October due to plant maintenance, emission reduction projects, "forced" or unplanned outages, and low water conditions.

If the repair work were to coincide with a high-demand day, operating reserves could fall below critical levels, Cal ISO said. The state has not seen rolling blackouts since May 8 and the ISO doesn't want to declare a Stage 3 emergency which would bring them on.

Cal ISO said it expects to have enough power available today and through the month of October to meet the forecast demand, as long as conservation continues, but stresses the importance of conservation as an important tool to help the it balance the grid and lower consumers bills.

The agency is urging Californians to continue using less power, and specifically to use less power during the peak hours between 2:00 and 7:00 p.m.

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