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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

Ontario Selects New Projects to Fill Supply Gap

LCG, April 14, 2005--The Ontario Ministry of Energy selected three natural gas-fired projects and a demand-response project to supplement Ontario's power supplies. The projects are critical to the Province of Ontario, which has already committed to closing 7,600 MW of coal-fired generating capacity by 2008 in order to improve air quality. The projects are the first four proposals selected in the Request for Proposals (RFP) initiated by the government of Ontario last June.

The largest project is the Greenfield Energy Centre, which is a 1,005 MW, gas-fired combined-cycle plant to be located in Courtright, St. Clair Township, near Sarnia, Ontario. Calpine and Mitsui are each 50% partners and have entered into a 20-year supply contract with the Ontario Power Authority (OPA). The Greenfield Energy Centre will include three combustion turbines and one steam turbine. Following completion of on-going environmental studies and required approvals, construction is expected to begin in December 2005. The contracted commercial operation date for the facility is February 2008.

The other major project is the 570-MW St. Clair Power Project, also located near Sarnia. This gas-fired project is planned to commence operations by the end of 2007 and will be developed by Invenergy and its investment partner, Stark Investments.

The final gas-fired project is a 90-MW co-generation facility to be constructed by the the Greater Toronto Airport Authority. The facility is expected to be completed in 2006.

The lone demand-response project is a 10-MW, five-year contract with Loblaw Co., a grocery chain that will install equipment in its largest stores to control and reduce power use by 30% upon request from Ontario's electricity market operator.

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