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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

AEP to Build New West Texas Line

LCG, Sept. 22, 2000A new electric transmission line crossing part of West Texas was announced yesterday by American Electric Power Co. and the Lower Colorado River Authority, a state conservation and reclamation district that wholes power.

The joint venture will build a $90 million, 345 kilovolt line that will span 150 miles across the Edward Plateau. It will be the western part of a 225 mile line that will move power from Big Spring to a point near Fort Worth, moving power from new gas-fired plants in the west to energy hungry population centers. Some new wind farms in the west will also be served.

AEP will build and operate the 150-mile segment and the Lower Colorado River Authority will pay for and own it. It should be noted that the Texas Colorado River isn't the same one that flows through the Grand Canyon.

The Electric Reliability Council of Texas, a regional unit of the North American Electric Reliability Council, also acts as the state's independent system operator, in charge of the Texas electric transmission grid. It has urged new lines to accommodate generation of many new merchant power plants in various parts of Texas.

ERCOT has pointed to a half-dozen areas in Texas that are under-served by transmission, including the stretch to be covered by the AEP, LCRA link.

More than 30 new power plants are expected to add over 18,000 megawatts of generation to the Texas system around the time the state's electricity market opens to competition in 2002, or shortly thereafter.

AEP said arranging for the new line's transmission corridor is underway. Approval is needed from the Public Utility Commission of Texas before the line can be built.

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