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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

FERC Finds Much Room for Demand Response

LCG, July 9, 2003--Despite high natural gas prices and resulting increased power prices, staff of the Federal Energy Regulatory Commission have found little evidence of coordinated reduction in demand aimed at heading off price spikes.

Those regions of the country that have experienced the most severe power price increases include Florida, Texas and the West Coast, according to FERC's Office of Market Oversight and Investigations. It stated that FERC has tried to bring rules into effect that would increase the potential benefits of demand response. The areas of the country where demand response has received the most attention are New York, Connecticut, California and Florida.

The Office of Market Oversight and Invesigations' Summer Energy Market Assessment included remarks in the outline that "Demand response, an effective tool for dampening price spikes, is missing from electricity markets."
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