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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

SDG&E Takes it Easy on Beleaguered Customers

LCG, Aug. 16, 2000--San Diego Gas & Electric Co. yesterday promised not to disconnect any of its customers who are slow paying their electric bills, which are now twice as high as they planned for. The company also offered customers who feel the squeeze a flexible payment plan.

"We are sensitive to difficulties many of our customers are having in coping with the high electricityprices ...," said Pamela J. Fair, vice president for customer services. "We want our customers to know that we are going to be as flexible as possible in helping our customers get through this tough transition period for deregulation."

San Diegans became the first in the nation to become exposed to the volatility of the wholesale power market when SDG&E paid off its stranded costs and the lid on the generation portion of customer bills was lifted. Because the utility must, under state law, purchase all of its power through the California Power Exchange and cannot enter into long-term supply contracts with independent power producers, it simply passes the cost of power along to its distribution customers.

SDG&E made three promises top its hard-pressed customers who have seen their electric bills go from about $50 to more than $100 for a months worth of power.

  • No one's power will be shut off due to lack of payment for the remainder of the summer and through October 2000.

  • No one's credit will be adversely affected; reports will not be made to credit agencies during this same period.

  • No customer's account will incur late charges.

Fair was wrong when she said "California's deregulated electricity market currently is not workably competitive and federal government needs to act swiftly to correct the problem." Only three-quarters of Californias ordinary power needs are fulfilled by in-state generation, and when it gets hot, more power than usual must be imported.

The state needs more power plants because of its booming economy, an economy that is turning out ever more electricity-consuming gadgets, and it needs more transmission facilities to get the juice from the power plants to the consumer.

California is also home to every brand of anti-power plant nut under the sun.

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