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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

Avista Gets Approval to Offer Wind Power

LCG, Jan 2, 2002--Under a program approved last Friday by the Washington Utilities and Transportation Commission, Avista Corp. was able to offer "green" power from a wind farm west of Walla Walla, Wash., but its customers probably don't know about it as yet.

According to Special Projects Manager Bruce Folsom, Avista will postpone its promotional campaign until Idaho regulators act on an identical proposal later in January. Then the wind offering could be announced on February 1.

Avista came late to a renewable power requirement enacted earlier this year by the state legislature, requiring investor-owned utilities to offer customers wind, solar or some other form of alternative power by January 1, but the company made the deadline.

Both Puget Sound Energy Co. and PacifiCorp already have renewables programs, so what Avista will do is buy wind power from PacifiCorp and sell it to its own customers.

Avista customers who buy wind power will pay an additional $1 for 55 kilowatt-hours of juice, about what a color television consumes if left on 10 hours per day, according to the Spokane Spokesman Review.

Customers who buy wind power will pay an additional $1 for 55 kilowatt-hours of juice, about what a color television consumes if left on 10 hours per day.

In eastern Washington, where homes are heated with electricity, residential consumers typically use about 1,000 kilowatt-hours of power month. Folsom said those who want to take a percentage of that power from wind sources can calculate how many blocks add up to, say, 40 percent of their monthly use, and buy that number of blocks.

That purchase will add about $7.20 to the homeowner's bill.

Although the company projects less than 1 percent of its customers will buy wind power, Folsom said he hopes the share will be 2 percent or better.

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