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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

Summer Reserves for California Adequate

LCG, June 10, 2002--The California Independent System Operator reports that it has had less power than needed to achieve a 15 percent reserve margin, but so far, the margin of 7 percent has been adequate to stave off rolling blackouts.

In order to be at 7 percent or above, the ISO had to ask some generators to put off scheduled maintenance last week until after periods of elevated air-conditioning demand passed.

Some conservation that started with the onset of the 2000 power crisis seems more or less permanent, but some financial incentives have also been provided. A vote by the Legislature renewed the 20/20 program, which gives a 20% refund to households that keep usage 20% below their consumption of power in the 2000 summer season. Conservation may help, but according to the ISO, 1,500 new megawatts of generation will be needed annually to keep pace with new demand.
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