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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

ComEd Plans 50-Megawatt Load Adjustment Program

LCG, Apr. 7, 2003--A network of small control systems will enable ComEd to reduce power demand of up to 50 megawatts remotely, through EnergySaver technology to be provided by Electric City.

The Virtual "Negawatt" Power Plan® (VNPP), as it is called, will be implemented through 1500 separate installations at commercial, industrial and government facilities without requiring any of them to curtail operations. The demand adjustment will be realized through lighting. "We are pleased to see ComEd take a true leadership position regarding the application of advanced technology to provide an environmentally friendly approach to meeting peak loads," said John Mitola, CEO of Electric City.

The load reduction will be dispatchable, according to the needs and direction of ComEd. The customers taking part in the program will not have to pay for installation of the control technology, and will realize steady state savings on their energy costs. John Costello, senior vice president of Customer, Marketing and Energy Services for ComEd, said the agreement allows ComEd to "gain access to a curtailment system that gives us direct control and accurate measurement over curtailment in real-time. " Costello also noted that the VNPP "provides a long-term hedge against peak power supply and pricing."
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