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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

Allegheny Energy Unit Agrees to Revised CA Contract

LCG, June 10, 2003--Allegheny Energy Supply, a unit of Allegheny Energy, has reached an agreement with the California Department of Water Resources to sell power under contract at lower rates, while the agency dropped a lawsuit it had filed in January.

The volume of power to be purchased was revised downward, and the price for power in off-peak hours starting in 2004 was lowered. The new prices will bring the cost of the contract to approximately $3.4 billion, which by Gov. Gray Davis' calculations is $836 million less than it had been previously.

The price for power in the contract averages $59.83/MWh, whereas it had been $61/MWh. Allegheny, which has its headquarters in Hagerstown, Md., plans to sell the revised contract.
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