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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

Chemical Plant Files with FERC over Half Million Transmission Surcharge

LCG, August 20, 2002-Occidental Chemical has asked the Federal Energy Regulatory Commission to cancel a $500,000 annual transmission fee applied to its caustic soda and hydrogen plant.

Delmarva Power & Light, a unit of PEPCO Holdings Inc., will add a $500,000 transmission demand charge onto the cost of 60 MW electricity supplied to the chemical plant. 51.2 MW of this electricity provided is interruptible, or can be directed elsewhere at times of high demand.

Occidental Chemical finds the charge unfair and asserts that the high cost will be detrimental to the plant's ability to function viably. Also, the company claims that transmission authority PJM Interconnection has not provided for competition in transmission and therefore the plant has no alternative to buying electricity from Delmarva Power.

Power bought from other sources would involve paying congestion charges or buying Fixed transmission rights (FTR). The company says that PJM unfairly gave Delmarva FTR's in such a way that competition is blocked. Any attempt to switch providers would result in a penalty.

Occidental Chemical is owned by the Occidental Petroleum Company. The plant in question employs 160 people and is located near Delaware City. The FERC docket number for the case is EL02-121.

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