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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

BG&E Wins Another Round from Mapsa

LCG, Sept. 22, 2000A Baltimore City Circuit Court judge yesterday issued a 25-page order and opinion upholding the approval by the Maryland Public Service Commission of the electric restructuring settlement agreement with Baltimore Gas & Electric Co.

That agreement had been challenged by a New Jersey organization which claims to represent out-of-state electricity marketing companies that want to do business in Maryland. Among other things, the Mid-Atlantic Power Supply Association complained that BG&E had set its standard offer service rate so low it was hard to compete with.

Yesterday's decision by Judge Albert J. Matricciani Jr. was the fourth or fifth in the utility's favor, as Mapsa seems to have the uncanny ability to keep finding new venues in which to bedevil the utility.

Christian H. Poindexter, chairman, president and chief executive of Constellation Energy Group Inc., BG&E's parent holding company, said Judge Matricciani's order "lifts any lingering uncertainty from customer choice of electricity in Central Maryland."

Frank O. Heintz, BG&E chief executive, pointed out that "Despite Mapsa's efforts, one of its out-of-state members already has signed more than 100 large retail electric customer accounts here in Central Maryland."

To date, some 26 suppliers, brokers, and aggregators have been licensed by the PSC to competefor retail electric sales, and 7 more have applications under review, the company said.

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