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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

Texas Poised to Invest $4.93 Billion in Transmission System Expansion for Wind Power

LCG, July 18, 2008--The Public Utility Commission (PUC) of Texas yesterday chose an electric transmission system expansion scenario that will enable the development of 18,456 MW of wind farms located in remote areas in West Texas and the Texas Panhandle. The PUC was directed by Senate Bill 20 to create a transmission plan that will increase transmission capacity to allow new wind power from remote areas to flow to load centers in Texas.

The Electric Reliability Council of Texas (ERCOT) on April 2 filed five alternative electric transmission expansion plans with the PUC, ranging from 12,053 MW to 24,419 MW of assumed new wind generation installed in the most productive wind zones in Texas. The estimated cost for the selected scenario is $4.93 billion, and the new transmission facilities are planned to be installed within four to five years.

Proponents of the expansion expect reduced emissions from power plants consuming fossil fuels and additional jobs in many areas. Opponents stated that the capital costs - which approach $5 billion - should be borne by the power generation developers that will benefit from the expansion, rather than borne just by consumers.
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