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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

Energy East Files for RTO

LCG, March 14, 2002-Yesterday the Energy East Corporation called on the Federal Energy Regulatory Commission (FERC) to create a Regional Transmission Organization (RTO) responsible for areas served by PJM Interconnection, LLC, ISO-New England, and the New York Independent System Operator (NYISO).

Subsidiaries of Energy East came together to encourage FERC to follow through with the July 2001 order to create an RTO that would regulate the three ISO's. The companies insist that the new RTO would allow for a more reliable and competitive market. Senior Vice President of Energy East Denis Wickham insisted, "A three-region RTO is a tremendous opportunity to provide consumers benefitsWith FERC's leadership, interested parties need to focus on the benefits of a larger RTO and the transitional tools needed to eliminate the concerns about short-term winners and losers. We are convinced that consumers in the Northeast will ultimately benefit from lower costs, enhanced competition and increased reliability with a PJM-New York-New England RTO."

Energy East wants to avoid the formation of a smaller New York, New Jersey RTO, saying that a smaller RTO might be risky and could not provide the same benefit to customers as the proposed Northeast RTO.

The creation of an RTO in the Northeast would shift control from individual states to the federal government.

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