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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

Utilities in U.S. Northwest Ask for Steep Gas Rate Hikes

LCG, Dec. 11, 2000--Avista Corp. and Puget Sound Energy Inc. asked regulators to approve steep natural gas rate hikes because of rapidly escalating wholesale prices for the commodity which the utilities sell to their retail customers without profit.

Avista asked both Washington and Idaho to approve a 29 percent rate increase, while Puget Sound Energy asked for a 25 percent boost to its gas rates in Washington. For a typical householder now paying $65 a month for natural gas, Avista's rate hike would mean monthly bills of $83.85 and Puget's would nick the consumer $81.25.

Avista asked that its rate hike take effect in both states on January 11. Puget was willing to wait a day longer.

"Even with this adjustment, natural gas remains a good value for consumers," said Tim Hogan,Puget's vice president for external affairs. "When it comes to heating a home, a dollar's worth ofnatural gas buys consumers the same amount of energy as $2.33 worth of propane, $1.52 worth ofoil or $1.61 worth of electricity."

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