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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

Brazilian State-Owned Plants Will Auction Electricity

LCG, Jan. 31, 2002--Trading in five state-owned power companies was suspended for an hour yesterday as the government announced that state-owned plants would sell power through public auctions.

The changes were announced by Minister Pedro Parente, who is in charge of the electricity crisis task force, and need to be approved by Congress in March in order to take effect.

Currently, Electrobras, Cesp, Copel, Cemig and EMAE produce 90 percent of Brazil's electric power, and do so at low, regulated rates. Private investment in new, gas-fired generation capacity has been slow due to rationing of electricity, and the government's indication earlier this month that public power would play a more significant role in providing electricity.

That policy was brought about by a drought that has severely decreased the output at hydropower plants. When trading resumed after the announcements yesterday, share prices in the state-owned and private power companies rose. Electricity rates paid by consumers are expected to rise, and would be funded in part by increased dividends from public power companies.
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