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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

Texas Commission Changes Requirements for Power Rate Increase

LCF, March 6, 2003The Texas Public Utilities Commission (TPUC) has changed the way in which retail power rates may be allowed to increase due to natural gas prices.

Texas deregulation permits utilities to increase the fuel cost benchmark rate as many as two times a year, provided gas prices increase by 4% or more in a ten-day period.

The TPUC changed its stance yesterday, requiring a 5% increase in gas prices over 20 days instead.

The benchmark rate, or price-to-beat, is that which customers can use to determine the fair price when comparing power rates charged by energy retailers and established utilities.

The commission said that the changes were made to alleviate the possibility of disruptive, short-term spikes in rates due to natural gas.

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