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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

Connecticut Light & Power Rate Changes a Wash

LCG, June 21, 2001--The Connecticut Department of Public Utility Control said yesterday it will require Northeast Utilities subsidiary Connecticut Light & Power Co. to reduce its electricity delivery rates by $21.1 million.

At the same time, the utility will be required to increase by approximately the same amount its generation service charge, the price customers pay the company to make the electricity.

The transmission and distribution charge reduction results from over-earnings due to the company's reduction of stranded costs as a result of the sales of its generating assets. The generation service charge increase results from increasing costs of purchasing power, mostly because of the rising costs of power plant fuel.

The DPUC said in a news release that it will be easier for alternative energy service companies to sell generation competitively if CL&P must charge more for the electricity it sells. Customers will benefit because no matter who sells the power, it is delivered by the utility.

The department's decision includes an earnings sharing mechanism for future excess earnings under which future earnings above 10.3 percent will be shared 50 percent by customers and 50 percent by shareholders.

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