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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

Judge Adds a Week, 3 Firms to California Power Order

LCG, Feb. 9, 2001U.S. District Court Judge Frank Damrell again yesterday extended his restraining order requiring merchant power sales to continue to the California Independent System Operator, but this time he added three firms and said the extension would stay in effect until next Friday.

On Tuesday, Judge Damrell had ordered Reliant Energy Inc. to continue to sell power to Cal-ISO pending a hearing Wednesday. After Wednesday's hearing, he continued the order until another hearing yesterday. Yesterday, he ordered Reliant and three other companies to continue their power sales until February 16.

Added to the order were power producers AES Pacific Inc. and Dynegy Power Co., which were not covered by the original restraining order because they said they would continue to deliver power pending yesterday afternoon's expected ruling, and The Williams Cos. which markets power for AES.

All four companies have said they were willing to sell power to the California Department of Water Resources, but were chary of selling to the ISO for fear of not getting paid.

In his opinion, Judge Damrell wrote "While the precise amount of electricity available from defendants to respond to emergency dispatch orders is uncertain and in dispute, it is nevertheless significant, and its loss poses an imminent threat of blackouts."

"We're pleased that the judge understood the problem," ISO spokesman Patrick Dorinson said, "it could have created a very serious situation for California."

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