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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

Upstate New York Customers Will Pay 13% Less for Electricity

LCG, Mar. 1, 2002--A five-year rate settlement between New York state regulators and New York State Electric & Gas Corp. will bring down electric rates for 825,000 customers by 13 percent.

NYSEG is the second-largest utility in upstate New York, serving several Buffalo suburbs. The contentious path to the final rate agreement came after NYSEG suggested last March that it be allowed to freeze its rates for seven years. The proposal was offered as a contrast to volatile prices at the wholesale level in California.

The response to the plan was that NYSEG's rates were nonetheless among the highest in the country, and 23 percent above those of Rochester Gas & Electric Corp. (The Public Service Commission approved a deal in which NYSEG would acquire RG&E earlier this week.) NYSEG revised its terms to include a three percent rate cut, and a freeze for six years.

The cut agreed upon takes effect today, meaning residential customers will be charged 12.2 cents per kilowatt-hour, rather than the 14 cents they have been paying. Flexible terms are available to all customers, who can purchase electricity at market prices rather than at a fixed rate, expected to be five percent above market prices based on forecasts. They may also limit their purchases from NYSEG entirely to delivery services, and buy electricity from another company altogether.
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