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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

Nevada Power Rate Case Settlement Delayed Again

LCG, August 19, 2002-The Federal Energy Regulatory Commission has set a September 25 date for the third round of settlement talks regarding exorbitant wholesale rates.

During the Western power crisis last year, Sierra Pacific Resources Corporation's Nevada Power signed long-term contracts for wholesale power at $95 per megawatt-hour.

The utility wants to cancel millions of dollars' worth of pricey, long-term power contracts, and FERC administrative law Judge Lawrence Brenner called for a Washington settlement conference to be held this September.

The company brought a suit against Duke Energy earlier this year, citing unreasonable rates, and a settlement was reached in June at a price just above the market rate.

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