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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

Initiative Would Have Montana Buy Back Hydro

LCG, Sep. 4, 2002--An initiative to be on the Montana ballot later this year will ask whether the state should enter into a process by which it could buy twelve hydroelectric dams under private ownership, through negotiation or possibly by condemning them.

The reason given by campaigners for the initiative is that power prices have risen more than they would have under a regulated utility. Rates were previously relatively low compared to rates in other states. Deregulation was enacted in 1997, when the regulated utility, Montana Power, pushed for deregulation, and projected lower prices for customers following divestiture of its assets.

Residential rates were frozen until this summer, but have begun to rise. Montana Power has transformed itself into an internet service provider, Touch America, while its market capitalization is 10 percent of its former value. Surveys by the current owners of the dams in question, including PPL Corporation and Avista, have found that while residents are skeptical of the merits of deregulation, they are also wary of condemning private assets.
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