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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.

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Industry News

Congestion in the Texas Panhandle: LCG Consulting investigates ERCOT’s rapid wind development and Lubbock Power & Light joining the ERCOT grid

LCG, May 10, 2016--LCG Consulting has released a new study of wind energy development in the Panhandle Renewable Energy Zone, or PREZ, of Texas, where ERCOT has proposed significant changes in the infrastructure to enable sustained wind development and ensure stability of the grid.

LCG’s study, ERCOT Panhandle Renewable Energy Zone and Lubbock Power & Light Integration, looks at how these changes affect power flow and locational marginal prices under various scenarios and transmission upgrade options. It outlines infrastructure challenges, current developments in wind curtailment due to Panhandle congestion, and it provides an outlook for wind generation in the region. Analysis was conducted using the UPLAN Network Power Model which replicates ERCOT ISO protocols and market procedures.
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The Locational Marginal Price Model (LMP) Network Power Model
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Day Ahead and Real Time Market Simulation
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Monthly Price and Congestion Forecasting Service