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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

NorCal 45 Megawatt Peaker to Start in 10 Days

LCG, July 23, 2001Work is nearly completed on a 44.6 megawatt peaking power plant being built on the site of a former lumber mill in Northern California and the facility is expected to be on-line by August 1, the Redding (Calif.) Record-Searchlight reported Saturday.

Installation of the final two natural gas-fueled combustion turbines began Friday at the site in Red Bluff and was expected to be finished tomorrow, when operators will begin testing the units.

A peaking plant would ordinarily be operated only during periods of peak demand, about 500 hours a year. The Red Bluff facility, under contract to the California Independent System operator, is expected to run as many as 2,280 hours a year until the state once again enjoys a comfortable margin of power reserves.

The small facility is just one of about 40 peaker plants being built throughout the state to operate when statewide power supplies are stretched to their limit, Kevin Herron, construction manager for the Red Bluff plant, told the paper.

Unseasonably cool summer weather has spared California from rolling blackouts since May 8, despite predictions that this would be a summer of electrical discontent, but Herron says that could change in a hurry if there were to be a heat wave.

"Politicians shouldn't be lulled into a false sense of security," he told the Record-Searchlight, adding that he believes the state's energy surplus will quickly dissipate once the weather turns hotter and air conditioners are running at full blast.

The Red Bluff plant is being built by Neo California Power Co., which is owned by Minneapolis-based NRG Energy Corp.

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