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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

Florida PSC Approves Agreement for New Biomass Plant in Florida

LCG, August 17, 2006--The Florida Public Service Commission (PSC) approved on Tuesday a petition for Progress Energy Florida (Progress) to buy energy produced by the Florida Biomass Energy Group, LLC (Florida Biomass) at a proposed 116-MW biomass plant located near Lake Okeechobee. The plant is scheduled to commence operations no later than December 2009.

The Florida PSC recently certified Florida Biomass as a qualifying facility (QF) based on the exclusive use of renewable energy, after start-up, for the proposed electric generation.

The renewable fuel for the proposed plant is a bamboo-like grass known as E-grass. The energy crop would be harvested at the 15,000 acre site and processed into a liquid fuel using a pyrolysis process. The plant will use combustion turbine-combined cycle technology, and the thermal fuel input will include combustible exhaust gases from the pyrolysis process.

When the negotiated contract was compared to a gas-fired, combined cycle alternative, Progress estimated the capacity and energy payments over the 25-year term of the negotiated contract would produce a savings of $39 million net present value to Progress's ratepayers. The majority of such savings are based on fuel costs.

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