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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

CPUC Clarifies Power Bond Measures

LCG, September 26, 2002-The California Public Utilities Commission released more information regarding its power revenue plans.

Wednesday, the California Public Utilities Commission publicized proposals to raise revenue in order cover costs to the state for its purchases of electricity and improve its utilities' credit ratings.

A proposed bond measure, previously announced as being $11.9 billion, may be repaid via utility rates, according to the PUC release. A charge of between $0.64 and $1.07 per kilowatt-hour would be added to rates beyond rates applied to Pacific Gas & Electric utility and Southern California Edison customers.

$6.6 billion of the bond revenue will go to the state's general fund, and the bond sale will be held in about 30 days.

The PUC also proposed a $0.04 per kilowatt-hour charge on rates to be put towards current and future electricity purchases, as was levied during the 2000/2001 energy crisis.

A third surcharge proposal involves placing a $0.027 per kilowatt-hour charge on direct access customers, which would be used to repay the California Department of Water Resources procurement costs. The DWR bought power on behalf of the state during the electricity crisis because utilities did not have good enough credit ratings to sign contracts with energy companies.

The last announced PUC proposal relates to employing bill AB 57, which was passed in order to bring about prompt review of contracts and procurement cost recovery.

Opinion on the proposals will be considered over the next 20 days.

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