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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

Canadians Achieve Record Year in 2014 for Wind Farm Installations

LCG, January 23, 2015--The Canadian Wind Energy Association (CanWEA) announced that in 2014 Canada set a record for the installation of new wind energy capacity. A total of 1,871 MW of electric generating capacity was installed, increasing Canada's wind farm generating capacity to nearly 9,700 MW at year-end.

The new capacity was constructed in five provinces, including: 999 MW in Ontario, 460 MW in Quebec, and 350 MW in Alberta.

In 2014, over 98 percent of new wind capacity was supplied by five wind turbine manufacturers, led by Siemens and followed by GE, Vestas, ENERCON and Senvion. Siemens and GE supplied more than half of the wind turbines in 2014.

The president of CanWEA stated, "Canada's 37 new wind energy projects in 2014 represent over $3.5 billion in investment. Wind energy has now brought economic growth and diversification to more than 100 rural communities across Canada through land lease income, tax payments and community benefits agreements. Of the 37 new wind energy projects installed in 2014, 15 projects also include significant ownership stakes from First Nations, Municipal Corporations or local farmers."

The president of CanWEA added, "Wind energy has demonstrated that it is a proven, reliable and cost-competitive energy solution that drives economic diversification, environmental sustainability and rate-base value. These attributes will continue to drive wind energy growth in 2015, where we expect a minimum of another 1,500 MW of new wind energy capacity to come on line. This coming year will also see new wind energy contracts awarded in Ontario, a new Energy Strategy in Quebec, and a new climate change framework in Alberta that may open the door to accelerated wind energy development in that province."
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