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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

Regulators Boost Bangor Hydro Standard Offer Rate

LCG, July 26, 2000--Electricity customers of Bangor Hydro-Electric Co. who choose to stick with the utility instead of switching to a competitive supplier will be paying more for their loyalty under an order by the Maine Public Utilities Commission, the utility said yesterday.

Beginning August 1, rates for standard offer energy service for Bangor Hydro's residential andsmall commercial classes will be increased by about a tenth of a cent per kilowatt hour to around 4.6 cents per kilowatt hour. This increase will remain in effect until next February 28, the company said.

The utility figures the average householder, using 500 kilowatt-hours of electricity a month, will see his monthly electric bill go up by about fifty cents.

Bangor Hydros medium and large commercial customers will get hit four times as hard, with a four-tenths of a cent increase in their standard offer rate, but it will be only for one month, with the rate returning to the present level at least through next February 28.

The increase is an adjustment to reflect actual prices paid for wholesale power which exceeded by some $1 million the estimates made when the commission set standard offer rates in an administrative order on February 29 of this year.

Beginning March 1 next year, the rates will be those set by the regulators through a competitive bidding process the commission will conduct later this year.

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