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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

Record Year for New Wind Power Installations in the U.S.

LCG, January 29, 2010--The American Wind Energy Association (AWEA) announced early this week that the U.S. wind industry set a new record by installing nearly 10,000 MW of new generating capacity last year. With the additions, the wind turbine generating capacity in the U.S. now totals over 35,000 MW.

?The U.S. wind energy industry shattered all installation records in 2009, chalking up the Recovery Act as a historic success in creating jobs, avoiding carbon, and protecting consumers,? said AWEA CEO Denise Bode. ?But U.S. wind turbine manufacturing ? the canary in the mine -- is down compared to last year?s levels, and needs long-term policy certainty and market pull in order to grow. We need to set hard targets, in the form of a national Renewable Electricity Standard (RES), in order to provide the necessary stability for manufacturers to expand their U.S. operations and to seize the historic opportunity we have today to build up a thriving renewable energy industry.?

Texas is far and away the state leading in installed wind power. Today there is over 9,400 MW of wind turbine capacity installed in Texas, with Iowa a distant second, at 3,670 MW, and California third, at 2,794 MW.

Last year Texas added nearly 2,300 MW of wind turbine capacity. Trailing Texas were Indiana, Iowa, Oregon and Illinois, which added 905 MW, 879 MW, 691 MW, and 632 MW, respectively.

With respect to electricity generated by wind turbines across the nation, the U.S. Energy Information Administration (EIA) estimates in its Short-Term Energy Outlook issued earlier this month that wind power will account for about 2 percent of the nation's electricity in 2010 and 3 percent in 2011. The other noticeable renewable source of electricity is conventional hydroelectric, which the EIA estimates will provide approximately 7 percent of the electricity consumed by the nation. Coal will fuel approximately 45 percent in both years, with nuclear and natural gas each providing another 20 percent of the electricity consumed in the country.
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