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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

Colorado Pursues Wind Power

LCG, August 24, 2004--Last week Xcel Energy received approval from the Colorado Public Utilities Commission to add at least 500 MW of wind capacity to its energy portfolio by 2006. The Xcel wind plan is contingent upon Congress extending the production tax credit this year.

It was also announced last week by the Colorado Secretary of State that the Colorado Renewable Energy Initiative had gathered enough signatures to place the initiative on the ballot. The initiative, opposed by Xcel, would require electricity providers serving more than 40,000 customers to use 10 percent or more of power from renewable sources by 2015.

In spite of delays in the extension of the production tax credit, wind power and renewables are gaining momentum as sixteen states and a number of municipalities set long-term renewables goals that require a significant portion of energy be supplied by renewables. For example, California's Renewable Portfolio Standard (RPS) requires 20 percent of the energy the Investor-Owned Utilities deliver to their customers to come from renewable resources by the year 2017. To pursue these goals, both San Diego Electric & Gas and Los Angeles Department of Water and Power issued Requests for Proposals (RFPs) for renewables last month.

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