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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

GE Generator Unit Scales Back Capacity

LCG, July 26, 2002--Based on its forecast of a decrease of 80% in orders for and production of gas turbines, GE Power Systems will reduce its workforce by 2,500 over the next nine months.

Power Systems' president and chief executive officer John Rice said, "We have always made it clear that, after several years of exceptional growth, our turbine business woud at some point return to more normal order levels, and it is."

Some manufacturing that had been based in Pensacola, Fla., will move to Schenectady. A type of wind turbine blade will be produced there for the Wind Energy business.

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