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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

Cold Snap Leads to Outage for Floridians

LCG, Jan. 10, 2002--Customers of Florida Power, the Kissimmee Utility Authority and the Orlando Utilities Commission in central Florida reacted to record cold by turning on their heat this morning, only to find that the transmission lines providing power had been put out of commission by the power surge.

In total, approximately 20,000 customers were without power due to outages at key points in the transmission system. Power plant capacity would have been sufficient to handle the demand, had the lines not gone out between 7 and 8 AM. Power was restored to residents after 9 AM.

Craig Eicher, Florida Power spokesman compared the situation to what might happen in an individual's home. "It's like you turned everything in your home on all at one time," he said, referring to residents' reaction to record low temperatures, which reached 25 degrees in Orlando Wednesday. Sporadic outages have been attributed to equipment problems in the Florida Power terrritory.

Record demand for power accompanied the plunge in temperatures in the Kissimmee Utility Authority service territory, surpassing demand during a record-inducing heat wave last August.

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