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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

Heat Wave Continues to Stress Eastern Power

LCG, Aug. 10, 2001--"It's cooler in Jamaica -- that's a fact," the Caribbean nation's ambassador to the United Nations told the Associated Press yesterday at high noon, and Patricia Durrant was correct. Twelve degrees cooler, at a balmy 90 in fact.

Temperatures reached 102 in Manhattan and 103 in Newark, breaking a 52-year-old record for both cities, but a 50-year-old record was nothing. In Philadelphia, the thermometer hit 100 eclipsing a 90-year-old record of 98 set in 1909. In Boston, the mercury hit 98, but no one claimed any records.

The northeastern quadrant of the United States baked under a merciless sun, from the badlands of the Dakotas to Maine to the nation's capital, but meteorologists expected yesterday to be the peak. A cold front brought cooler temperatures to the Upper Midwest in the afternoon and was expected to push across to the East by the weekend.

While the cold front brought storms that downed some electric power wires in the Midwest, the heat to the east played havoc with power supplies. The AP said there were 7,000 morning outages in New York City and scattered outages elsewhere.

The heat and aging overhead wires stalled a Metro-North New Haven line train in Connecticut, stranding 400 customers, a spokesman told the wire service.

State government offices were shut down at 2:00 p.m. in New York and New Jersey to conserve electricity and utilities and independent system operators from the mid-Atlantic states through New England urged consumers to run their electric appliances at night.

In Philadelphia, where the Phillies played the San Diego Padres, the temperature of the artificial turf was recorded at 148.7 degrees. The air temperature was a relatively balmy 95. "There's nothing you can do about it," Phillies manager Larry Bowa said. "You can stay cool between innings, in the dugout. There's a breeze in the runway."

Bowa's hitters must have been in the runway instead of watching Padres rookie pitcher Brandon Duckworth, who was making his major league debut. Duckworth and the San Diego bullpen beat the Phillies 6-2.

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