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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

BPA Hopes to Avoid Rate Increase

LCG, Dec. 18, 2002--Faced with continued dry hydro conditions, the Bonneville Power Administration's management officials have said that rate increases may be necessary to prevent further deterioration in its financial reserves.

The agency says that while it had hoped to file for rate decreases, those plans are prevented by a shortfall of $1.2 billion forecast through 2006. The economy of the U.S. Northwest has already been adversely affected by rate increases, which increased what users pay by 53 percent in some cases. Adjustment of rates from their peak has left rates approximately 44 percent above their levels prior to the Western energy crisis of 2000-2001.

The level of BPA's cash reserves has dropped, as it spends more than expected to make up for the power not coming from government dams. Cash reserves now stand at $160 million, whereas the normal level would be about $900 million. $800 million worth of depletion has taken place in two years.

Although overall rates are roughly in line with rates around the country, about $30 per megawatt-hour, industries including chemicals, pulp and paper may again have to budget more for power.
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