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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

Output of LA Solar Panels Less than Expected

LCG, Jan. 5, 2003--Members of the staff of the Los Angeles Department of Water and Power have found that some solar installations around the city, of which there are approximately 500, are producing less electricity than had been anticipated when the projects were under consideration.

The difference between the expected output at six large projects and the actual generation may be due in part to the fact that the panels do not receive the same amount of solar energy in actual use as they do under laboratory conditions. Two of the projects, found at the Los Angeles Convention Center, had output of 29 and 37 percent of design capacity. "The losses are extremely high with what we're picking up with these installations," Henry Martinez, assistant general manager for power generation, told the Los Angeles Daily News.

At the campus of California State University, Northridge, infrastructure manager Tom Brown commented that installations were "performing very close the manufacturer's label." Panels shading a parking lot on campus were rated for 225 kilowatts, and were receiving between 82 and 189 kilowatts, depending on the amount of sun, although Brown expected they would achieve performance of up to 200 kilowatts.

In a report by the LADWP's chief legislative analyst, the cost of the city's solar power was found to be approximately 80 cents. Many solar projects in California have been subsidized with incentive funding, either from the DWP or the federal government. The funding has meant that Northridge can expect to recoup its costs for solar projects in about 10 years, as opposed to 25 to 30 years otherwise, Brown told the Daily News.
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