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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

Mexico to Cut Subsidies to Residential Power Users

LCG, Jan. 31, 2002--Subsidies to Mexico's residential users of electricity will be cut in order to make infrastructure maintenance and upgrades, two senior cabinet members announced this week.

The subsidies have increased from $1 billion in 1995 to $3.5 billion in 2001. Treasury Secretary Francisco Gil Diaz stated that without the cutback of $1 billion, the total would have continued to rise. The change will affect the roughly 30 percent of consumers who use more than 125 kilowatts per month.

Representatives of business have said that the utility should increase efficiency instead, and analysts speculated that inflation would increase.

Some consumers, such as Francisco Rodriguez, a civil engineer who is not currently working, said that the government should crack down on vendors and shantytown dwellers who illegally obtain electricity by siphoning it directly from the lines. A vendor said that although he does pay for electricity, his payments do not go the company.
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