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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

FERC Would Allow California More Imports from Mexico

LCG, Mar. 28, 2002--The Federal Energy Regulatory Commission has stated that costs associated with investment in transmission lines between San Diego and Mexico would be allowed by the agency.

The FERC Chairman, Pat Wood, believes that the savings made possible by increased imports could reach $26 million for customers in San Diego, and $174 million per year for all of California. Initial upgrades, which are projected to allow 1,360 megawatts of generation imports to California, would bring savings of $3 million to San Diego and $10 million to the state, according to the FERC.

San Diego Gas and Electric Co., a subsidiary of Sempra, would be allowed to include the costs of line upgrades to the Miguel-Mission and Imperial Valley lines in rates. The final capacity of the lines could be 3,810 megawatts.

The FERC is now awaiting a filing by the California Independent System Operator (ISO) in May that will contain restructuring plans by the grid operator. The FERC felt that market design was responsible in part for the severity of California's power crisis in 2001. The importance of restructuring details is made more immediate by the approaching end of wholesale price caps imposed by FERC. The caps are set to expire on September 30.
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