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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

Grid Operators in Northeast Work Together

LCG, March 15, 2002-The New York Independent System Operator (NYISO) and Pennsylvania- New Jersey- Maryland Interconnection LLC (PJM) agreed to combine efforts in facilitating power trade in the region.

On Wednesday the northeast operators announced their intent to improve market efficiency by coordinating regulations and resources. They plan to homogenize rules as well as allow for more leeway in decisions, such as which plants will supply a region's regular or emergency needs . Quarterly Reports would be given to the Federal Energy Regulatory Commission (FERC) and state public utility commissions.

If the agreement falls through then FERC may mediate further discussion.

As the nation's first regional transmission organization (RTO), PJM Interconnection controls the largest wholesale power market in the world. NYISO and PJM's combined markets affect supply about 41 million people with electricity in Pennsylvania, New Jersey, Maryland, Delaware, Virginia, Washington D.C, and New York.

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