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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

Georgia Lawmakers Approve Gas Reform

LCG, Mar. 21, 2002--Georgia Gov. Roy Barnes' bill to remedy problems with his state's retail natural gas market was passed mostly untouched by the General Assembly and Senate this week, while an attempt to have one marketer be responsible for all gas sales was defeated.

Consumers had registered a large volume of complaints concerning billing problems and rates, following deregulation in 1997. Marketers said that delinquent accounts had made higher charges necessary. The Natural Gas Consumer Relief Act will create a single marketer for low-income customers and those with unreliable payment histories. A surcharge for industrial customers will keep rates for low-income customers lower than the average, while high-risk customers will be charged rates higher than average.

The bill first passed in the House 173-3, and then in the Senate, 36-16, after a few small modifications were made. Sen. Steve Thompson, D-Powder Springs, said that a plan by Sen. Regina Thomas, D-Savannah, to bring customers under one provider would have resulted in higher costs, partly from lawsuits filed by marketers already selling to customers. Most customers are served by unregulated marketers. In addition, the bill will allow nonprofit electricity providers or electric membership cooperatives to be providers.

Safeguards in the legislation include standardization of terms used on customer bills, and a clause that would permit new regulations if the number of companies marketing natural gas should drop to three or fewer.
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