ERCOT announces new plan to focus on growing Texas economy, population

Erica Pauda | Source: KXAN News | Posted 04/24/2024

AUSTIN (KXAN) — On Tuesday, the Electric Reliability Council of Texas (ERCOT) announced its new plan as Texas continues to have a growing economy and population, the agency said in a news release.

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ERCOT has revealed a new plan called the "New Era of Planning" to address the challenges posed by Texas' growing economy and population. The plan, presented by ERCOT President and CEO Pablo Vegas, aims to better serve the needs of the rapidly expanding state. With a focus on all aspects of system planning, including generation, load interconnections, and transmission development, the agency is preparing for significant load growth expected in the coming years.

By 2030, ERCOT anticipates an additional 40,000 MW of load growth, necessitating strategic planning and investment in energy infrastructure. The plan also encompasses recommended transmission projects, subject to approval by the Public Utility Council, to ensure the ERCOT market is equipped to handle the projected growth and evolving energy landscape in Texas.

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Source Link: https://www.kxan.com/news/texas/ercot-announces-new-plan-to-focus-on-growing-texas-economy-population/

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ERCOT announces new plan to focus on growing Texas economy, population

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