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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

Nevada Utilities Contract for 50-MW Solar Plant

LCG, December 23, 2002--Power purchase agreements have been signed by two Nevada utilities, Nevada Power and Sierra Pacific Power, for output from a planned 50-megawatt solar plant to be built by Duke Solar, a Duke Energy affiliate.

Nevada Power has contracted for about two-thirds of the plant's generation, while the remaining third will go to Sierra Pacific Power. Duke has indicated that the facility, near Boulder City, will start operation in March 2005. The price at which at the power would be purchased was not revealed.

The purchases follow a half dozen contracts for 227 megawatts of wind and geothermal power, based on a state requirement next year that five percent of Nevada utilities' sales be from renewable sources. Next year's requirement will not be met by the utilities. By 2005 and 2006, however, the corporate parent of Nevada Power and Sierra Pacific Power, Sierra Pacific Resources, should meet and then surpass the requirement, which is due to increase to 15 percent by 2013.

The plant to be built will heat oil by using parabolic troughs lined with mirrors. The oil will then heat water for use in a steam turbine.
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