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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

Governor Expands California Solar Roofs Plan

LCG, August 23, 2006--California Governor Schwarzenegger yesterday signed legislation to expand the California Solar Initiative. The plan is designed to result in one million solar roofs in California by 2018.

In January 2006, the California Public Utilities Commission (CPUC) approved the California Solar Initiative (CSI), a program designed to provide approximately $2.8 billion in incentives to spur development of approximately 3,000 MW of solar electric generating capacity over the period from 2006 through 2016.

With the Governor's approval yesterday of SB 1, elements of the Million Solar Roofs plan that the CPUC does not have the authority to mandate can now be implemented. For example, the plan will no longer by limited to Pacific Gas and Electric, Southern California Edison and San Diego Gas and Electric - the utilities regulated by the CPUC - but will be expanded to include the municipal-owned utilities, including the Los Angeles Department of Water and Power (LADWP) and the Sacramento Municipal Utilities Division (SMUD).

The new legislation will also increase the number of consumers that can sell surplus electricity back to the utilities by a factor of five (from 0.5 percent to 2.5 percent).

Another key element of SB 1 is that, commencing January 2011, it will require a developer of more than 50 new single family homes to offer a solar energy system alternative to all customers.

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