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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

FERC's "Show Cause" Order Followed by Moves to Speed Resolution

LCG, Sept. 5, 2003--Staff of the Federal Energy Regulatory Commission have recommended that over one-third of the companies to which the agency issued "show cause" orders concerning possible manipulative market behavior in California should either settle, or that charges should be dismissed.

The proposed settlements could represent $2 million of refunds to California. Gov. Gray Davis has claimed that the state was over-charged $9 billion. Under established FERC rules, should a company not be able to justify its market behavior, it would disgorge only as much profit as could be attributed to its own actions directly, but not profits due to higher prices resulting from the actions of others.

Bryan Lee, a spokesman for FERC, stated that "Settlements are in the best interest of the public because they avoid the cost of litigation before the commission and, potentially, before the courts." In addition to the recommended settlements, 17 cases are being recommended for dismissal, with 43 remaining to be heard by a FERC administrative law judge.
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