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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

Cut in South Carolina Gas Rates Approved

LCG, Oct. 24, 2001--Scana Corp. said yesterday that a request by its South Carolina Electric & Gas Co. subsidiary for a 16 percent decrease in the purchased gas component of the utility's natural gas rates has been approved by the South Carolina Public Service Commission.

The decrease comes on top of a 15 percent reduction in rates that went into effect last March.

SCE&G customers will see gas prices drop from 79 cents per therm to 59 cents per therm on their November bills. The average householder will save about $17.88 a month or some $107 a year, Scana said.

"Wholesale prices for natural gas have returned to more normal levels and that's good news for our customers," SCE&G President Neville Lorick said. "Last year, gas prices jumped to unprecedented levels and customers were hit right in the pocketbook."

SCE&G recovers the cost of the natural gas it buys through the purchased gas adjustment which regulators set to reflect the company's actual gas costs, which are passed directly to SCE&G customers, Scana explained.

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