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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

Northwest Power Picture Brightens

LCG, June 6, 2001The energy crunch affecting the Pacific Northwest is loosening, according to a report in this morning's Seattle Times, and none of the improvement can be laid to increased rainfall.

New supply that is, additional sources of electricity beyond the region's highly developed hydroelectric infrastructure has brightened the picture, with better reliability forecast for summer and lower regional rate increases this coming fall, the paper said.

"Things are looking better than they were," Mark Crisson, director of Tacoma Public Utilities, told the Times. "In fact, I think there is going to be a huge overreaction to the situation in terms of new supply. If we had had anything close to a normal water year, we wouldn't even be having this conversation."

Bonneville Power Administration says it has received transmission applications for between 25,000 and 30,000 megawatts of proposed power plants. Ed Mosey, a spokesman for Bonneville, said "There isn't a site in the Northwest with a source of gas and transmission capacity that isn't being looked at." Most of the plants won't be built, but enough will to ease the crunch in future years, if not this.

The Northwest Power Planning Council announced May 25 that power supplies are expected to be reliable throughout the summer, with no risk of blackouts. That does not mean the Northwest is immune into the fall and winter. If the drought continues, a shortage of power, with blackouts, is possible.

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