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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

Boston Edison Parent Asks for Electricity Rate Cuts

LCG, Oct. 16, 2001--NSTAR Electric said yesterday it has asked the Massachusetts Department of Telecommunications and Energy for permission to cut electricity prices by as much as 27 percent for customers who take default service from the company.

If approved, the rate cut could save those customers more than $11 per month, the company said.

While the reductions vary slightly for three NSTAR affiliates, Boston Edison Co., Commonwealth Electric Co. and Cambridge Electric Co., customers will see roughly the same savings on their monthly electric bills. The typical householder, using about 500 kilowatt-hours of electricity per month, will see his bill drop from the high-$40s to the mid-$30s.

Thomas J. May, NSTAR's chief executive, said "We are delighted to see world energy prices falling so rapidly and we are even happier to see the savings coming home to the people and businesses of Massachusetts. These lower energy prices will save Massachusetts residents and businesses more than $450 million and that will be a major contribution to the financial health of our state's economy."

The company said that it will ask approval next month to cut standard offer rates for the three local utilities. These requests come on top of an earlier filing asking approval to reduce natural gas prices by 32 percent.

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