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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

CA Energy Bill Might Allow Direct Access to Continue

LCG, May 20, 2003--A bill that is circulating in the California state senate, and that would end many features of state deregulation, could also extend the ability of large enegy consumers to sign power-purchase conracts with suppliers, rather than being assigned to a utility.

Sen. Joe Dunn, D-Santa Ana, has been in favor of reversing deregulation. He said, "We have always been willing to discuss continuing some form of direct access. It must be done so that long-term planning is possible for utilities and there is no cost-shifting. Right now, small and residential customers are subsidizing large users on direct access."

Wholesale power trading could effectively be reduced by giving utilities the ability they previously had, to build power plants. SB 888, the bill being amended, would not allow market-based rates to be charged for such generation sources. Rather, long-term contracts would be the primary method of selling the plants' output.

Doug Heller, of the consumer group Foundation for Taxpayer and Consumer Rights, told Dow Jones Newswires that whoever was not able to participate in direct access would be hurt due to the major utilities having sold the plants that are less expensive to operate when they were forced to divest, but kept more expensive ones.
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