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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

Texas Commission May Fine Enron Unit $7 Million

LCG, June 4, 2002--The Texas Public Utilities Commission recommends that Enron unit Enron Power Marketing(EPMI) be fined for its hand in electricity market manipulation.

The Texas Commission asserts that EPMI took part in various manipulative measures, such as artificially generated electricity shortages caused by "enormous overscheduling."

Enron must respond to the possibility of a $7 million fine within 30 days.

Other companies under investigation in the Texas electricity market, which saw a major deregulatory step January 1, include American Electric Power, Mirant, Reliant Energy, and TXU.

Texas regulators say that overestimated demand and scheduling mismanagement have led to high prices and $29 million in overpayments.

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