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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

Californians on Power: 'What, Me Worry?'

LCG, Dec. 26, 2000The California Independent System Operator declared electric power emergencies all week last week, as it has been doing seemingly without interruption since May, but Californian's haven't seemed to get the message.

Northern California's big investor-owned utility, Pacific Gas & Electric Co. has been forced to dig itself into a financial hole approaching $5 billion by paying market prices for electricity that it then sells to its retail customers at rates frozen at a level 10 percent below 1997 rates. Californians seem not to care how much power costs, as long as someone else pays for it.

The San Francisco Chronicle last week provided its readers with a photograph that illuminates the problem. Taken by Chronicle photographer Frederic Larson from Treasure Island, the photo shows the city's downtown ablaze with millions of lights.

Ten 100-watt light bulbs add up to a kilowatt. Ten thousand add up to a megawatt, and so on. That splash of light on the pier at lower right looks like a few megawatts, and a pier doesn't need to be lit up like that.

Larson's photograph was intended to convey the spirit of the holiday season, but you get the picture.

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