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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

Wind Projects Added to PG&E's Renewables Portfolio

LCG, April 28, 2005--Pacific Gas and Electric Company (PG&E) announced yesterday that it has submitted three new long-term power purchase agreements with wind farms to the California Public Utilities Commission (CPUC) for regulatory review. With the addition, PG&E expects to meet over 30% of its customers' electricity demands with renewable energy.

In total, the three contracts add 143-158 MW of renewable capacity to PG&E's supply portfolio and are a result of the company's Renewables Portfolio Standard (RPS) solicitation of 2004. The three, California wind farms are: FPL Montezuma, located in Solano County; Buena Vista, located at Altamont Pass; and Pacific Renewable, located near Lompoc. PG&E plans to issue another RPS solicitation this summer, with the goal of supplying another 1-2% of customer electricity demands with renewable energy.

The State of California's RPS Program, which is managed by the CPUC and the California Energy Commission, requires each utility to increase its procurement of eligible renewable generating resources by 1% of load per year to achieve a 20% renewables goal.

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