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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

Drought Affects Output at Southeastern Power Plants

LCG, Aug. 27, 2002--Hydropower and fossil-fueled electric plants are being forced to cut their output as a drought is in its fourth year in the Southeastern U.S.

Some utilities that have been accustomed to selling excess power produced cheaply at hydropower facilities to others outside the region have cut production in order to be able to continue producing for their customers. Duke Energy and Carolina Power & Light have cut hydropower output by between 70 and 80 percent, as rivers and lakes are lower than normal by an amount equal to an entire year's rainfall.

Thermal plants running on coal, oil, natural gas or nuclear fuel are also restricted due to lower-than-average levels of cooling water. At a coal plant owned by Duke, the neighboring river is 25 feet below normal.

While hydroelectric facilities make up 1 percent of CP&L's generation portfolio, their relatively low cost means that the impact of the drought is disproportionately severe in terms of profitability.
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