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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

State of Pennsylvania Leads Nation in Green Power Purchases

LCG, August 30, 2006--The State of Pennsylvania announced yesterday that it has doubled its purchases of green electricity and is now the largest state purchaser of green power in the nation. Pennsylvania will now purchase 200 MWh per year of energy from clean, renewable resources that do not produce emissions.

To achieve this status, Pennsylvania modified an existing power purchase agreement with Community Energy, Inc. (CEI). The agreement requires that 40 percent of the power supplied is generated from wind resources and 60 percent is from hydroelectric resources. The annual energy purchase of 200 MWh is equivalent to 20 percent of the state government's electricity requirement, and the energy will be purchased "at a premium rate of only 0.34 cents per kilowatt hour."

CEI was purchased in May 2006 by the Spanish firm, IBERDROLA, an international energy company that owns and operates renewable energy facilities around the world. IBERDROLA is also largest shareholder in the Spanish wind company, Gamesa Corp., which recently chose to base its North American headquarters in Pennsylvania.






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