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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Renewables Bill Passes CA Legislative Committees

LCG, August 20, 2002-A renewable energy bill that would require 20 percent of energy to be provided by renewable resources as of 2017 was passed by two California legislative committees yesterday.

The Assembly Utilities and Commerce Committee passed the measure after a year's delay, along with a companion measure providing funding for renewable energy via a public goods charge. The public goods charge would appear as a 3 percent surcharge on electricity bills.

The 20 percent requirement, presented by Senator Byron Sher, D-Stanford, was also passed by the Assembly Natural Resources Committee later yesterday.

The bill now makes it way to the Assembly Appropriations Committee.

Sher brought the measure forward in response to increasing dependence on natural gas as an energy source in California.

Among others, members of the Union of Concerned Scientists, Governor Gray Davis, and investor-owned utility Southern California Edison are in favor of the bill, although the other major California utilities, Pacific Gas & Electric and San Diego Gas & Electric, are opposed.

Also on Monday, the California Assembly passed a bill yielding the state more authority in plant construction. The bill allows the California Energy Commission to cancel a plant construction permit if the permit-holder does not begin construction within 12 months of permit issuance.

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