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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

U.K. Opens Way for Large Increases in Windpower

LCG, July 24, 2003--An increase in offshore wind generation is being sought by the U.K. government, which announced that invitations will be made to bid on options to lease sites that could see the installation of 1,500 turbines over 100 meters in height.

Previous proposals regarding electricity generation from wind had represented one-fourth as much capacity as the current one. The announcement by the trade and industry secretary indicated that construction could create 20,000 jobs related to construction and engineering, and that the plans would enable progress on reaching a 10 per cent minimum requirement for renewable power by 2010.

Bidders for the sites, in three coastal areas up to 10 kilometers from shore, may include oil companies and power providers such as PowerGen, Innogy, Scottish and Southern & Scottish Power. While wind developers and Greenpeace, the environmental group, heralded the significant boost in support for wind technology, Vince Cable, a Liberal Democrat, noted that a variety of renewable technologies, including tidal and solar power, should be supported through regulatory means, and that a single source should not be the entire focus of such development.
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