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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

City's Lease to Solar Installation Advances in Nevada

LCG, Apr 28, 2003--Duke Solar Energy appears close to reaching an agreement with Boulder City, Nev. on a lease deal that would provide the city with up to $2 million annually in return for Duke's use of land for a solar field.

Nevada Power and the Eldorado Solar Electric Generation Station were given approval for contracts last month by the Nevada Public Utilities Commission. Boulder City leaders hope to negotiate a separate deal to buy power from the installation at wholesale rates.

"I think it's very important from a standpoint it will be another source of power in Boulder City," Mayor Bob Ferraro told the Las Vegas Review-Journal. "We're not hurting in that respect, but it gives us a third source, and it creates additional revenue for the general fund."

The site has highly desirable characteristics for solar power generation, and is close to a distribution point. Construction has yet to start, but operations are expected in 2005. Other nearby power sources include Hoover Dam and a gas-fired plant, Eldorado Energy.

Rates for the plant have not been made public, but George Douglas of the National Renewable Energy Laboratory in Denver says that per-kilowatt-hour rates of 20 and 25 cents are normal, with the average utility rate at 7 cents per kilowatt-hour. Nevada is requiring that 7 percent of utilities' power sales be from renewable sources by 2005. While Nevada Power has secured 68 percent of the Eldorado solar plant's output, Sierra Pacific will purchase the remaining 32 percent, for a total of 50 megawatts to be supplied. Both utilities are subsidiaries of Nev. Sierra Pacific Resources.
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