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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Philly Gas Works Allowed 30 Percent Rate Hike

LCG, Jan. 12, 2001--The Pennsylvania Public Utility Commission said yesterday it had approved a request by the Philadelphia Gas Works to raise its gas cost rate by an additional $133 million, or about 30 percent for residential customers, in order to cover the sharply escalating cost of natural gas.

The increase will raise the monthly bill for a typical residential heating customer using 10,000 cubic feet of gas per month from approximately $104.58 to $136.12 and will be effective retroactive to January 1. The rate hike comes on top of a $97 million gas cost increase the PUC approved last November.

The PUC point out that the gas cost represents what Philly Gas Works pays for wholesale natural gas. The company passes through to consumers the cost of buying gas and does not make a profit on it. The gas cost charge is one part of a customer's bill. Customers also pay a base rate charge that includes transmission and distribution charges.

Philly Gas Works wants to bump the delivery charge, too, and has asked the PUC for a $65 million base rate increase. The regulators have nine months to rule on that one.

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