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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

Massachusetts Agency Plan Would Increase Renewables

LCG, Feb. 7, 2002--A plan by the Massachusetts Division of Energy Resources would require increases in renewable energy use in the state, for a total net increase of 4 percent by 2009.

The renewable energy supply could be generated outside New England, and would have to be obtained by utilities and energy marketers, who would need to show proof that the energy provided by them was from a renewable resource, such as wind, solar power, or landfill gas. Hydropower would not be considered in the increases, given that environmentalists have objected to possible ecological impacts from hydropower.

If the renewable resources carried higher costs, the impact for the average household would be 15 cents per month, according to the division commissioner David L. O'Connor. O'Connor said that the proposal was mandated in 1998 electric restructuring legislation. An industry group, the Competitive Power Coalition, said that the plan is something its plant-owner members "believe in and support 100 percent." Neal Costello, the group's general counsel, also articulated the group's focus on having operating hydroelectric and incinerators included in renewable energy quotas prior to tracking of increased renewable purchases.

NStar Electric and Massachusetts, the major utilities, were said to be reviewing the plan yesterday, according to the Boston Globe. The state's lawmakers will need to approve the plan, which would go into effect in January 2003 unless significant modifications are sought.
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