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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

Power Outages Affect 500,000 in Northern California

LCG, DEc. 16, 2002--The San Francisco Bay Area experienced over 300,000 customer power outages and nearby areas another 200,000, all caused by a winter storm packing high winds this weekend.

The most serious damage resulted on Saturday, when lines were brought down in many communities by gusts that rarely dropped below 20 to 30 mph. Much stronger winds worsened the situation, as power workers for PG&E responded to constant calls from residents.

Some 40,000 customers lost power in San Francisco and the Peninsula, as did 20,000 in San Jose, 46,000 in towns to San Jose's north, and 17,000 around Santa Cruz, where 9 inches of rain fell in 48 hours. As of Sunday night, 63,000 customers were still waiting for power to be restored, although 3,400 regular PG&E crew members were aided by others from outside areas.

Further storms are expected in the coming week, according to meteorologists.
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