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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

Bankrupt NRG's Plants Seen as Important to Reliability

LCG, July 18, 2003--NRG Energy, the bankrupt merchant developer, says that its losses from operating power plants under a supply contract with Connecticut Light & Power amount to $500,000 per day, and that it could have no cash left within less than a month with which to continue running the plants.

In a ruling in June, the Federal Energy Regulatory Commission (FERC) determined that NRG must honor its supply contract, which is scheduled to end at the end of the year. The grid administrator for New England, ISO-NE, has warned that the risks of not having enough power to supply customers in Connecticut would increase substantially during peak periods if capacity goes offline for any reason. NRG Energy has 25 generating units that have a combined potential output of 2,155 megawatts.

According to the New England Independent System Operator, areas throughout its territory would be vulnerable to blackouts in the absence of NRG's resources. It has urged FERC to "take whatever actions are necessary" to see that NRG's plants do not cease to operate.
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