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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

Hydro-Québec Plans to Add 2,000 MW of Wind Power

LCG, June 30, 2005--Hydro-Qubec announced yesterday that the Qubec government has requested the utility to pursue the purchase of an additional 2,000 MW of wind power to supplement its energy supplies. Hydro-Qubec plans to be a global leader in delivering wind power and estimates that its contracts for wind power will total 3,500 MW by the end of 2013.

Historically Quebec has relied almost entirely upon hydro electricity to supply its demand for electricity, with surplus power to export. However, with growing demands, Quebec is currently a net importer of electricity. To bolster local supplies, last July the Quebec government approved the province's first major gas-fired generating facility, the Becancour cogeneration plant, which is scheduled to commence operations in 2007 at an estimated cost of $500 million. The plant, located between Montreal and Quebec City, is deemed necessary to meet Quebec's forecast electricity demands.

Following the approval of the Becancour plant, opposition from environmentalists and locals led to the cancellation last November of another gas-fired power project in Beauharnoi. The 836 MW project, with an estimated cost of $550 million, was targeted to commence operations in 2008 to meet the regions growing demand for electricity. As an alternative to gas-fired generation, Hydro-Qubec has now turned to wind power and improved energy efficiency.

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