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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

Aussie Plant Breakdowns Squeeze Victoria

LCG, Jan. 3, 2002--Equipment failures at the Loy Yang A and Yallourn power plants in the Australian state of Victoria last weekend have raised fears of looming blackouts or rationing, the Melbourne Herald Sun reported this morning

The threat comes as southeast Australia heads into its hottest part of summer, with predictions of all-time highs for power demand.

Victorian Energy Minister Candy Broad pooh-poohed the talk of rationing, saying there was no immediate threat to the state's power supply. But industry sources warned a string of weekday temperatures topping 95F, after industries returned from the holiday break on Monday, would stretch supplies.

"Demand is highly vulnerable to change in temperature," said National Electricity Market Management Company spokesman Paul Price.

One unit at Loy Yang is expected to be out of action until late March, but operators at Yallourn remain confident they can repair its damaged unit by January 20. But to compound problems, Loy Yang plans to shut another unit for six days of urgent maintenance from January 12.

The Victorian government has warned some of the largest power users of possible rationing. Some, including Alcoa's aluminum smelters at Point Henry and Portland, and BHP Billiton's Western Port plant, say they are ready to wind back demand if asked by the government.

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