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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

CPUC Approves PG&E's Solar Power Contracts

LCG, August 21, 2009--The California Public Utilities Commission (CPUC) yesterday approved two, 25-year power purchase agreements (PPAs) between Pacific Gas and Electric Company (PG&E) and BrightSource Energy for power generated at two solar-thermal stations planned in California.

BrightSource Energy uses a solar thermal design that employs thousands of mirrors that track the sun and reflect the light to a boiler raised on a tower. The concentrated energy creates superheated steam, which is piped to a traditional steam turbine-generator set.

The initial project is the Ivanpah Solar Power Complex, located approximately 50 miles northwest of Needles, California in the Mojave Desert. The 110-MW solar facility is scheduled to commence operations by July 2012.

A second, 200-MW solar-thermal station is scheduled to begin operations by July 2013.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities like PG&E to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.
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