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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

Mexico Cuts Energy Funding by 25 Percent

LCG, October 8, 2002-The budget approved by Mexico's Congress allows for $1.5 billion less that what iss necessary for maintenance, operation, transmission, and distribution of electricity.

Mexico's Federal Electricity Commission, or CFE, along with representatives from state power distributor Luz y Fuerza de Centro (LFC), requested that legislators reinstate the state company's funding.

The Congress gave $8.5 billion to energy, although $10 billion was requested, and officials insist that fuel alone will cost $5 billion.

Energy officials insist that 20 percent less revenue than expected, or $400 million, was received from ratepayers because of electricity theft and lowered demand.

Mexico owns about 40,000 megawatts of capacity and expects a yearly growth in electricity demand of 5.6 percent.

Other issues currently being discussed between legislators and Mexican energy officials include nuclear plant safety, pollution from aging plants, hydroelectric dam-induced flooding, and a joint Mexico-Guatemala hydroelectric plant project.

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