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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 Plant Decision Delayed in Oklahoma

LCG, Aug. 13, 2003--A Oklahoma Corporation Commission vote that was to have taken place this Monday on a proposed cogeneration plant was delayed by the commissioners, who will hear further testimony about the possible economic merits of the independent power station.

At issue is whether utility American Electric Power-Public Service Co. of Oklahoma can make purchases under contract from the plant less expensively than it can buy power from the market and generate from its own resources. The utility has come down strongly against the plant, while its figures are disputed by the legal counsel for plant developer Energetix Co., Deborah Thompson.

The town of Lawton, where the proposed natural gas-fired plant would be built, does not have strong transmission ties to the northeastern part of Oklahoma, where much of the utility's generators produce power, according to Court Newkirk, the economic development director of the Lawton Chamber of Commerce. Newkirk says that growth in the town is increasing the need for power.

Under the Public Utility Regulatory Policy Act, a utility such as AEP-PSO is required to obtain power from independent generators when the cost is lower than that of self-supply. The utility's management, which would need to purchase 7 percent of its requirements from the Lawton plant if it were built, bases its argument on projections of natural gas prices, while Energetix bases its cost comparison on what is says are the utility's actual generation costs.
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