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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

Reliant Takes 824 Megawatts of Capacity Offline

LCG-Nov. 5, 2003--After receiving no bids for one year's output from three generating plants it owns in California, Reliant Energy has announced it will mothball 824 megawatts of capacity.

The output of Etiwanda units 3 and 4 near Rancho Cucamonga, Mandalay unit 3 near Oxnard, and Ellwood, near Goleta, was offered at a minimum bid level of the company's cash costs. Because no bids were received, a decision was made to mothball the Southern California units until March 2005. On October 13, Reliant announced a decision to retire Etiwanda units 1 and 2, after seeking similar bids. The costs that it was seeking to cover included required environmental upgrades and forecast operating and maintenance costs of the units.

The auction was conducted as indicated in a settlement with the Federal Energy Regulatory Commission (FERC), announced in October. Reliant Energy plans to offer the capacity a second time in September 2004, and may start the units if bids at or above the projected cash costs are received.

Although Reliant submitted an offer in July to the California Independent System Operator (CAISO) for the Etiwanda units, which represent a total of 640 megawatts, to operate as reliability-must-run (RMR) units, they were not selected.
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