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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

SCE Signs Contracts for 831 MW of Solar PV Capacity

LCG, January 11, 2011--Southern California Edison (SCE) has signed power purchase agreements (PPAs) with Fotowatio Renewable Ventures Inc. (FRV) and SunPower Corp. for a total of 831 MW of electric generating capacity. The PPAs cover seven, solar PV projects located in Southern California that are scheduled to commence operations over a period spanning from late 2013 through late 2016. The PPAs must still be approved by the California Public Utilities Commission (CPUC).

SCE's Vice President of Renewable and Alternative Power stated in FRV's press release, "Utility-scale solar is an important element in reaching California renewable energy goals....FRV will help SCE continue to be the largest purchaser of solar power in the United States and we're delighted to contract with FRV on these projects."

SCE executed three PPAs, totaling 711 MW, with SunPower. The associated projects are: Solar Star California XIII LLC, a 110-MW project sited in Los Banos, with a target to be operational by December 31, 2014; Solar Star California XIX LLC, a 325-MW project sited in Rosamond, with a target to be operational by October 31, 2016; and Solar Star California XX LLC, a 276-MW project sited in Rosamond, with a target to be operational by October 31, 2016.

SCE's four PPA's with FRV have a total generating capacity of 120 MW. The largest project with FRV is Regulus Solar LP, a 60-MW project sited in Lamont, with a target to be operational by December 31, 2013. The other three projects each have a 20-MW capacity; Cygnus Solar LP, sited in Arvin, is targeted to be operational by September 30, 2013; Mojave Solar LP, sited in Mojave, is targeted to be operational by December 31, 2013; and Mojave Solar 4 LP, sited in Lancaster, is targeted to be operational by December 31, 2013.

California's Renewables Portfolio Standard (RPS), originated in 2002, requires electric utilities to serve a growing percentage of sales with eligible renewable-energy resources. The RPS requirement now grows annually to 33% of retail sales by 2020.
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