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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

New England and New York ISO's Want Common RTO

LCG, Jan. 29, 2002--The two independent system operators serving the power markets of the northeastern states will begin to consider the design of a single regional transmission organization (RTO) that encompasses both of their adjacent territories, they announced today.

According to an agreement announced by ISO New England Inc. (ISO-NE) and the New York Independent System Operator (NYISO), a unified Northeast Regional Transmission Organization (NERTO) can support reliability and more extensive market competition. The process of developing the RTO could help to satisfy the Federal Energy Regulatory Commission's order that transmission organizations submit plans for RTO design and implementation.

The president and CEO of ISO-NE, Gordon van Welie, said "we both have strong, existing infrastructure, complementary sources of generation, similarly advanced stages of restructuring and generation divestiture, and a greater level of competition than other regions. We have been working closely together on standardizing the market for almost a year, and this agreement represents another significant step forward."

The not-for-profit corporations will seek input from market participants and state regulators. Among the issues to be discussed will be transmission bottlenecks around Greater Boston, New York City, and southwestern Connecticut. The market to be created will continue to have strong ties to the Canadian market to the north. NYISO's president and CEO William J. Museler said, "we see a lot of synergies between the two ISO's and Canada."

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