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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

Philadelphia Utility Customers Must Be Given to Competing Suppliers

LCG, Feb. 7, 2003--The Pennsylvania Public Utilities Commission is following through on a late-1990's restructuring requirement agreed to by utility PECO Energy, to see that alternative power suppliers acquire a minimum percentage of the commercial electricity market in and around Philadelphia.

PECO will need to see that at least 50 percent of its customers are assigned to alternative suppliers, given that 7.7 percent of commercial power customers have switched suppliers thus far. One commissioner out of the five-member panel dissented in the vote to approve the plan. The alternative suppliers are to begin serving their new customers on May 1.

Customers who wish to remain with PECO as power supplier will be able to opt out of the program. All of the approximately 152,500 commercial users will receive their bill through PECO. Alternative suppliers may bid to serve blocks of customer accounts, with each block serving 1,000 customers. Renewable energy bids will be allowed for 500 accounts per block. Only the regular, non-renewable bids will be required to be 0.25 below PECO's "price to compare". Bids will have to be submitted by Feb. 21, following the distribution of bidding rules to suppliers Feb. 17. A similar program is planned for residential customer accounts.
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