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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

SoCal Edison Proposes Discounts for Struggling Businesses

LCG, Apr. 9, 2004--The California Public utilities Commission received a plan last week put forth by Southern California Edison that would allow the utility to grant discounts to medium-sized businesses that are able to show poor financial health, in order that Edison could retain those businesses as viable customers of the utility.

The plan would provide discounts starting at 25 percent in the first year, and incrementally smaller discounts for each of the next four years, with changes of 5 percent per year. The likely impetus behind Edison's proposal is an interest in deterring its customers from using direct access, which allowed businesses to pursue wholesale deals with competing suppliers until the California energy crisis. Bills have been introduced in the Legislature that would restore the ability of large energy users to make such deals.

PUC Commissioner Loretta Lynch articulated a concern that, if implemented, such discounts as the plan proposes could result in a transfer of costs to smaller, mostly residential users of electricity. Lynch said that efforts should be made to bring lower rates to all customer classes. If industrial customers were to leave Southern California Edison due to direct access, it could also result in higher costs for residential utility customers who remain.
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