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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

Nevada PUC Makes Rates Recommendations

LCG, Feb. 11, 2002--In a filing with state regulators last Thursday, the Nevada Public Utilities Commission disagreed with Nevada Power's proposed rate and fee structure.

Testimony by economist William Marcus, with the attorney general's Bureau of Consumer Protection, detailed how under Nevada Power's rate structure, larger users of power would see decreased overall rates, while smaller users would pay more than they do currently. Much of the change would be due to a flat, fixed charge for fixed charges, called a distribution service charge. The fee would replace a current $5 "customer charge" that was to pay for most administrative and billing costs. The monthly fee that would replace the customer charge would be set at $12 for apartment dwellers, $19 for single-family residences, and $21 for small businesses. The fees would be taken out of the per kilowatt-hour charges.

Nevada Power spokeswoman Andrea Smith said that the company hopes to have the current three-tier, block rate structure eliminated; the structure imposes higher costs for increased power consumption, and had led to customer complaints, according to Nevada Power. The PUC wants the block structure to remain, and proposed a revised, two-block structure, which it believes will encourage conservation.

Smith said that Nevada Power's plan was "a step toward cost-based rates, and it's a more equitable means of recovering fixed costs." Marcus found that low-consumption and low-income users of electricity would experience rate increases of up to 26 percent, and that 28 percent of single-family residential customers would experience a rate reduction.

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