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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

Avista Found Not to Have Manipulated Market

LCG, Feb. 3, 2002--Federal Energy Regulatory Commission staff filed an agreement with the agency Thursday, made with Avista Corp., that is intended to close an investigation into energy trading in which Avista subsidiaries participated in 2000 and 2001.

The filing will be subject to a 30-day period for public comment, supervised by FERC Administrative Law Judge Curtis Wagner, Jr. After the comment period, Wagner may certify the agreement for final approval by FERC commissioners.

The trading at the center of the investigation also included Enron Power Marketing Inc. and Portland General Electric Co. as participants. FERC staff determined that no intentional manipulation of the market was committed by Avista traders working for Avista Utilities or Avista Energy.

FERC made suggestions in the filing as to how Avista can improve its procedures for recording trades in real-time markets, settling trades in dispute, and train its traders, who the agency said should be part a clear chain of command whenever uncertainty exists. It also cited the company's "overall cooperative" engagement and assistance in the investigation.
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