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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

PG&E Pursues New Power Supplies

LCG, November 4, 2004--Yesterday Pacific Gas and Electric Company (PG&E) issued two Requests for Offers (RFOs) for long-term power supply contracts that total 2,200 MW of power, with about 1,200 MW to be available by 2008 and the remainder by 2010.

The RFO follows PG&E's long-term resource plan that was filed with the California Public Utilities Commission (CPUC) in July 2004. In the resource plan, PG&E proposed a 50/50 mix of utility-owned generating facilities and wholesale generator contracts. The RFO criteria for utility-owned generation includes all fuel types and technologies for new, dispatchable facilities with a capacity of at least 25 MW. Similarly, the RFO criteria for long-term contracts is for peaking capacity of at least 25 MW. With respect to renewable energy supplies, a process is already underway at PG&E for additional intermediate and long-term contracts.

PG&E expects the CPUC to issue a final decision on the long-term resource plan by the end of the year. The initial responses to the RFOs are due January 14, 2005, and PG&E plans to submit the executed contracts to the CPUC in June 2005.

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