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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

Efficient Coal Generation Counted Towards Maine Renewable Target

LCG, Aug. 15, 2002--A requirement for 30 percent renewable-source power generation set within 1997 restructuring legislation in Maine is being met in part by cogeneration fueled by coal.

The allowance for coal being burned to produce both electricity and steam to help meet the renewables target was part of a compromise among legislators and interest groups, such as paper pulp mills. The percentage of power generated from varous sources is indicated to customers of Central Maine Power Co. in a regular status report. According to the report, the breakdown includes: oil, 26.3 percent; nuclear, 26 percent; coal, 18.2 percent; natural gas, 6.5 percent, for a total of 77 percent fossil fuels.

According to Maine's public advocate, Stephen Ward, coal is an "eligible resource" in meeting the 30 percent renewable target. It is considered so because cogeneration is a more efficient process than simple burning of coal for electricity alone. A note reads, "For the purposes of meeting the 30 percent portfolio requirement, 64.3 percent of the coal resource meets the eligible resource requirement of MPUC chapter 311." This means that "eligible resource" coal contributes 11.7 percent of the generation total, while biomass contributes 11.3 percent, hydro is at 10.3 percent, and municipal trash at 1.4 percent.

Some biomass plants in the state which produced power in 1997 no longer operate, due to their being uncompetitive.
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