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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

Massive Blackout Affects 235 Million in India

LCG, Aug. 1, 2002--A massive, twelve-hour-long blackout affected millions Wednesday when the Indian state of Madhya Pradesh imposed more demand than the system was capable of delivering.

Trains that had been en route between major cities such as Bombay, Madras, Bangalore and Hyderabad were stopped for between five to ten hours starting during the middle of the night Wednesday. Through the morning, industrial activity ceased, water pumps no longer functioned, and hospital services were hampered across five states which are home to 235 million.

The states involved - Maharashtra, gujarat, Madhya Pradesh, Chhattisgarh and Goa - are in the central and western parts of the country. Power service was gradually restored to various urban and rural areas yesterday.

The summer months are normally a time of frequent blackouts, when temperatures and demand rise together. This particular blackout, described as one of the worst in some years, occurred because Madhya Pradesh has been experiencing a drought which impacted its hydropower supplies.
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