EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

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

Renewable Tax Credits Extended

LCG, January 7, 2013--The American Taxpayer Relief Act of 2012 was signed into law by the President on January 2, 2013, and the legislation includes provisions that extend tax credits for wind energy, biodiesel, cellulosic ethanol, electric vehicles, energy-efficient new homes and appliances.

The extension of the wind energy Production Tax Credit (PTC) both changes (i) the milestone from placing a new facility into service to commencing construction, and (ii) the deadline from January 1, 2013 to January 1, 2014. Given the new milestone, the one-year extension equates to much more than a year extension for project development.

Without the extension of the PTC and with relatively low natural gas prices, the outlook had been poor for continued growth in the development of land-based and offshore wind farms in the United States.

The American Taxpayer Relief Act of 2012 also extends the ability of new wind and certain other new renewable energy facilities that qualify for the PTC to elect a 30% investment tax credit (ITC) instead of using the PTC where construction began before January 1, 2014.

The Act also extends for another year "bonus depreciation" that allows taxpayers to immediately deduct 50 percent of the adjusted basis of certain types of property when the project is placed into service. Project developers now have until January 1, 2014 to place new solar, wind, or other renewable energy equipment into service.
Copyright © 2023 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service