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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 Announces Plans to Develop 500 MW of Solar Power

LCG, February 25, 2009--Pacific Gas and Electric Company (PG&E) yesterday announced plans to develop up to 500 MW of solar photovoltaic (PV) power in California over the next five years. PG&E submitted the plan yesterday to the California Public Utilities Commission (CPUC) for approval.

The 500-MW proposal includes two components: up to 250 MW of capacity would be owned by PG&E, with the remainder owned by independent developers under a streamlined approval process. The solar facilities would be installed in PG&E's service territory in northern and central California. Given the goals are achieved, PG&E stated that the program would meet over 1.3 percent of its electric demand in 2015.

PG&E stated that its solar program targets mid-sized projects in the range of one MW to 20 MW, mounted on the ground or rooftops. PG&E plans to offer a standard contract and pricing derived from its own costs to independent developers.

Last November, City of Los Angeles officials, together with representatives of the Los Angeles Department of Water and Power (LADWP), announced another aggressive plan, Solar LA, to develop nearly 1,300 MW of solar electric generating capacity.

Solar LA includes three components: customer solar programs, utility-owned solar program and large scale solar program. The goal of the customer solar programs is to install a total of 380 MW by 2020. The goal of the utility-owned solar program is to install a total of 400 MW of solar systems on rooftops, reservoirs and parking lots on city-owned property in the Los Angeles basin by 2014. The goal of the large scale solar program is to install a total of 500 MW owned by the LADWP outside of the LA basin by 2020.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.
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