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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

Maine Renewable Plants Shut Down Temporarily

LCG, June 6, 2002--Two biomass plants in Maine that burn wood for fuel will be shut down until Sept. 30 due to the high cost of wood, said owner Boralex, Inc., a Montreal-based firm.

The plants are a 16-MW facility in Athens and a 40-MW installation in Ashland, which together can provide for the needs of 60,000 homes. The shutdowns are the latest in a series of economically based decisions leading to fewer operating biomass and renewable facilities in Maine. Five of ten biomass plants in Maine remain in operation, according to Beth Nagusky, executive director of the Independent Energy Producers of Maine.

The Maine Public Utilities Commission chairman, Tom Welch, said that the 1997 state electric industry restructuring law was not responsible for the temporary closures. There has been some debate over whether the state should require a certain portion of the state's generation to be renewable, even if it might cost more than conventional fossil fuel-derived power. Many of the renewable plants in Maine are not able to provide a price-based incentive to buyers of standard-offer electricity service, given the prices approved by the Maine PUC.

Currently, power supplies are ample due to new conventional generation in New England. The Independent Power Producers would like the state to make a 100 percent renewable generation option available to customers. Welch, the PUC chairman, while not against renewable resources, said, "how much ratepayers or taxpayers want to spend to keep these facilities open, that's a question for the Legislature."
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