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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Dominion Energy Virginia Receives Approval to Add Nearly 1,000 MW of Clean Energy

LCG, March 17, 2022--The Virginia State Corporation Commission (SCC) approved on Tuesday an expansion of solar and energy storage projects approaching 1,000 MW for Dominion Energy Virginia customers. The approved expansion includes 15 Dominion Energy Virginia projects, plus power purchase agreements (PPAs) with 24 other projects owned by third-party developers.

The projects developed by Dominion are scheduled to be completed in 2022 and 2023, adding approximately 665 MW of solar capacity and 70 MW of storage capacity.

The president of Dominion Energy Virginia stated, “This is another significant milestone in Virginia's transition to energy independence. These projects will support thousands of good jobs and hundreds of millions in economic activity in communities across Virginia. This is a positive step forward for our customers, the environment and Virginia's economy.”

The projects will advance Dominion Energy down its path toward net zero greenhouse gas emissions while meeting the future energy needs of its customers.

In 2020, the State of Virginia passed the Virginia Clean Economy Act (SB 851) that calls for Dominion Energy Virginia and the smaller Appalachian Power Co. to (i) supply 30 percent of their power from renewables by 2030 and (ii) close all carbon-emitting power plants by 2045 for Dominion and by 2050 for Appalachian.
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