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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

Consumer Rights Advocates File Suit for Lower Rates in Texas

LCG, March 11, 2002-In Travis county, Texas, a consumer advocacy agency has filed a suit against the Texas Utility Panel, asserting that rates have been artificially inflated.

The Texas Public Utility Commission insists that all legal guidelines have been followed regarding electricity prices, and power companies say rates are fair. However, regulators promised a 6 percent rate reduction when deregulation began in 1999, and consumers have experienced a 3.6 percent increase in their rates instead. Lawsuits filed on Wednesday address this and an extra fee charged by the Texas Utilities Panel(TXU) and West Texas Utilities Company.

Apparently, unrealistic maintenance and scheduling costs had been included in this extra fee. Agency member for the counsel Clarence Johnson demonstrated this excessive charge by explaining that the scheduling fees alone would require 20 people working at $200 per hour for 2,000 hours.

Although consumer groups believe that rates have been increased due to deregulation, the TXU still insists upon the fairness of the benchmark rate decided upon by the state.

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