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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

Operations Begin at North America's Largest Solar Power Plant

LCG, December 18, 2007--The U.S. Air Force announced yesterday that operations commenced for a solar photovoltaic system in Nevada that is capable of generating 14 MW. Nevada Power Company will purchase the Renewable Energy Credits (RECs) associated with the facility.

The solar project is located at Nellis Air Force Base and covers 140 acres. SunPower Corporation designed and built the facility employing its proprietary T20, single-axis solar tracking system to track the sun. The project incorporates 72,000 solar panels.

The Air Force stated that the facility is now North America's largest solar photovoltaic system, and Sierra Pacific Resources, parent company of Nevada Power, stated that Nevada now is number one in the United States in solar generation per capita.

Nevada enacted a renewable portfolio standard (RPS) in 1997, which requires the state's two investor-owned utilities to use renewable energy to supply a minimum percentage of the total electricity they sell. The annual renewable targets increase, with the target in 2015 equal to 20% of retail sales. Furthermore, a minimum of 5% of the standard must be associated with solar energy systems.
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