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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

SMUD Considers Pumped Storage

LCG, September 4, 2003—Sacramento MunicipalUtility District is considering building a pumped storage plant to supply electricity during peak demandhours.

SMUD may apply for a federal license for pumpedstorage along with a renewal application for its 11dams and eight power plants along the American River.The plant would pump water uphill during times ofoff-peak demand and use the water’s potentialenergy to generate electricity during peak demand.

While pumped storage is, after all, energy-inefficient (since energy is always lost in the process), it can serve as a sort of giant battery togive an energy provider greater flexibility whenpower is produced. Cheap electricity produced at nightcan be stored by using that electricity to pump wateruphill, and then the same water can be allowed to falldownhill and through turbines during peak demand hoursto provide electricity.

The project will require extensive environmentalreview because it will affect fish and wildlife, aswell as recreation. So far, SMUD engineers havecontemplated blasting out a hillside next to theAmerican River in order to construct part of theplant; this underground network would connect to thesummit of Iowa Hill, where a new lake would becreated.

Several government agencies have warned SMUD thatthere is not sufficient time between now and the 2005deadline to fully investigate the project, and SMUD issure to meet opposition from local fisherman,residents, and farmers, who already feel SMUD has toomuch control over the American River’s water.

If the project passes environmental review andmakes it past local opposition, it willtake about four years to construct. The plant isexpected to generate 400 megawatts.

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