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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Shell Energy Exits Ohio, Texas Power Markets

LCG, Sept. 5, 2001--Shell Oil Co. electricity marketing affiliate Shell Energy Services said yesterday that it would back out of the Ohio retail electricity market and the Texas Electric Choice program.

Alan Raymond, president and chief executive of the unit, said, "Volatile energy prices and an uncertain economic environment over the past few months have caused legislators, regulators, generators and marketers to reconsider their deregulation situations and strategies."

Those reconsiderations are what cause Shell Energy to reconsider. The company said it will focus its efforts on its existing natural gas markets in Georgia and Ohio.

Shell Energy said it would try to find another marketer to take over its 30,000 Ohio customers. Texans who selected the company as their new electricity provider may choose another marketer; otherwise they will be returned to their local utility without requiring any action on their part.

"We thank our Ohio and Texas customers who selected Shell Energy as their electricity providerand assure them that Shell Energy will do all it can to make their transition to another providerseamless," Raymond said in a statement, as his company tipped its hat and stepped through the door.

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