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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

Residential Rate Freeze for Illinois Could Be Extended

LCG, Apr. 12, 2002--A freeze on Illinois residential electric rates now scheduled to expire in 2004 could be extended to 2006, under an amendment to an energy bill now circulating in the Illinois House.

Rep. Phil Novak (D-Bradley) proposed the amendment in order for utilities and consumers to create a business environment that is better able to offer consumer choice. So far, no new companies have registered to supply residents, although any that do will be able to supply residents next month.

Novak said, "we're four years and four months into this new law, and not much of a market has developed in order to provide our residential customers some safety and security and protect them from any volatile price hikes." He said the freeze would allow lawmakers room to "remove impediments to a wholesale market."

A ComEd spokesman, Jon Hatfield, said, "the issue for us is, will we be able to make the numbers work so we can manage that risk." ComEd and Illinois Power would assume all risk of rising wholesale prices if a rate freeze were to be extended under the amendment.
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