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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

House Members Trade Proposals Over Power Market Authority, Oversight

LCG, September 17, 2002--The Federal Energy Regulatory Commission's proposals for creating a seamless national electric power market are encountering some criticism from House lawmakers, as they draft specifics for electricity legislation.

The FERC's recently issued rules proposal, standard market design, is far from being derailed, although a prior FERC stipulation that utilities join regional transmission organizations (RTO's) is seen as too stringent. Among a group of Republicans, including Rep. Billy Tauzin (R-La.), and Rep. Joe Barton (R-Tex.), suggestions have been made that utilities could be awarded incentives should they join an RTO. That suggestion was criticized by Rep. Edward Markey (D-Mass.), as "very generous with the ratepayers money."

Standard market design is seen by some Southern and Western representatives as bypassing traditional state authority over market operations. Tauzin said that a vote on any changes to FERC's proposal would take place by July. Points of disagreement have also centered around a Republican proposal to repeal the Public Utilities Company Holding Act (PUHCA), a 1935 law which was to prevent utilities from acquiring undue market influence.

Democrats such as Henry Waxman (D-Calif.) have stressed what they see as a need for more oversight of electricity trading and financial integrity, while downplaying modifications to FERC's transmission-related rulemaking.
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