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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

Western Electricity Investigation to Conclude by February

LCG, September 5, 2002-The Federal Energy Regulatory Commission has announced it expects to finish its inquiry into the energy crisis of 2000/2001 by February 2003.

At a Lehman Brothers conference yesterday, FERC Chairman Patrick Wood asserted that evidence gathering would ideally be completed by the end of December and definitely by February of next year. Companies found innocent of market manipulation will be publicly cleared as part of an effort to restore investor trust. A final report on the investigation will aim to give direction to a new and, it is hoped, financially sound, wholesale electricity market.

Wood touched upon other topics at the conference as well, including the establishing of FERC's standard market design and the creation of new liquified natural gas pipelines from northern areas like Alaska.

He admitted that FERC did not do its part to prevent the crisis, but he was positive about FERC's ability to create a market resistant to a repeat performance of that which occurred last year.

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