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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

Rule Changes Made in Florida Plant Bidding

LCG, Jan. 6, 2003--Florida Power & Light, the regulated utility unit of FPL Group Inc., reacted negatively last Friday to modest changes to the bidding rules that govern how builders of new base-loaded power plants are selected in Florida.

A group of independent power producers which has complained that the winning bids have always been one of the state's major utilities was pleased with the moves by the Florida Public Service Commission. The requirement that bidding take place was instated in 1994.

Members of the Partnership for Affordable Competitive Energy (PACE) had been aiming at having an "independent evaluator" monitor bidding, to ensure fairness. Instead, the Commission allowed that the utilities (the other utility, Florida Power, was just re-branded under parent Progress Energy) would have to reconsider others' bids any time their own bid's cost structure was changed. PACE members, among which are Calpine, Mirant, and PG&E Corp., felt that this would make the process more open.

FPL spokesman Mike Swank contended that "The changes have the potential for substantially lengthening the bid rule process." Swank said that the utility would attempt to have the new rules undone.
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