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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

Duke Unit Enters Irish Market

LCG, Nov. 1, 2001--A subsidiary of U.S. powerhouse power company Duke Energy Corp. has entered the Irish market, the Irish Times reported this morning.

Duke Energy International was one of four successful bidders in an auction of virtual power managed by Irish electricity regulator, Tom Reeves. The other successful bidders were the Bord Gis, the independent energy division of Ireland's Electricity Supply Board, and Energia, a subsidiary of the Northern Ireland energy firm Viridian.

Alfred Sorensen, president of the Duke unit, said his company wanted to get to know the Irish market, in anticipation of a developing electricity generation capacity. He said Duke purchased about 50 megawatts of capacity in the auction.

The paper said an ESB subsidiary purchased the maximum 240 megawatts, and cited an Energia source as saying the Ulster firm also acquired 240 megawatts. From this, the Irish Times deduced that Bord Gis purchase the remaining 70 megawatts of the 600 megawatts offered.

Sorensen said Duke had been assessing the Irish market for nearly a year. The company would have preferred to build a greenfield plant, but he said all options were open.

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