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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

Brazilians Say Power Rationing Mishandled

LCG, June 5, 2001Seemingly everyone in the Brazilian electric power chain, from the smallest residential customer to the largest utility, agrees that the government has mishandled the country's power crisis.

Brazil's government instituted power rationing on Friday to cope with a worsening supply problem caused by the country's worst drought in 30 years. The country depends on its hydroelectric facilities for about 90 percent of its electricity. The objective of the program is to cut power usage by 20 percent over the next six months.

The government put together its rationing program in a hurry, and utilities got out the details to their customers with equal dispatch. The result has been confusion and complaints and even government changes in the program.

President Fernando Henrique Cardoso went on television yesterday to announce that surcharges of up to 200 percent will be dropped for customers who reduce consumption by the 20 percent sought. Also, quotas for residential consumption have been revised in just the four days of the program.

One residential customer with a household of two had received notice that his quota was 30 kilowatt-hours per month and had been told his power would be cut off if he exceeded that amount. He finally was told that the quota was in error, and that all quotas below 100 megawatt-hours should be ignored.

The power companies aren't any happier, saying the government waited until the last moment to set out the details of the plan. A spokesman for a distribution utilities association said "there is too much confusion to say anything."

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