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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

PG&E Executes Contract for 290 MW of Solar Power

LCG, October 16, 2009--Pacific Gas and Electric Company (PG&E) yesterday announced a new power purchase agreement (PPA) with Agua Caliente Solar, LLC, a subsidiary of NextLight Renewable Power, LLC, for solar power from a 290-MW project to be built in Yuma County, Arizona. The project will incorporate photovoltaic (PV) panels for solar power generation.

The Agua Caliente project is scheduled to commence power deliveries to the grid in mid-2012 and to be fully operational by late 2014. The agreement is subject to approval by the California Public Utilities Commission (CPUC).

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities like PG&E to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year. Last month, the Governor signed an Executive Order that increased the requirement to 33 percent by 2020 and that now applies to all utilities, including publicly-owned municipal utilities.
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