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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

Con Edison and LIPA Proceed with Plans for 700-MW Offshore Wind Farm

LCG, April 1, 2009--Consolidated Edison (Con Edison) and state-owned, Long Island Power Authority (LIPA) and recently announced plans for further study of a wind farm located approximately 13 miles offshore from the Rockaway Peninsula. The project is spurred on by the Governor of New York's Renewable Energy Task Force and the Governor's "45 by 15" program, which sets a target to meet 45 percent of New York's load from renewable energy resources and improved energy efficiency by the year 2015.

The two utilities released on March 23 a joint feasibility study, which included results that support up to 700 MW of wind capacity being developed offshore, given corresponding significant upgrades are made to the transmission system.

An initial phase with a capacity of 350 MW would likely be the first step. To allow for substantial further capacity expansions, LIPA and Con Edison filed an application to interconnect the wind farm with the New York Independent System Operator (NYISO) for up to 1400 MW by 2020.

LIPA and Con Edison now plan to work with the State of New York, the New York Power Authority (NYPA), New York City, the Metropolitan Transportation Authority, and the Port Authority to issue a request for expressions of interest (RFEI) for offshore wind development. A Request for Proposals (RFP) will be issued later in 2009.
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