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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.

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

FirstEnergy Seeks Progressively Higher Rates

LCG, Feb. 6, 2004--FirstEnergy has outlined a long-term rate structure proposal that raises the possibility of increases of as much 50 percent over three years.

Uncertainty about the rates would come from FirstEnergy's request that it be able to defer some rate increases until further into the future. According to the plan, charges that serve to "improve reliability of service" would be justified. A "Rate Stabilization Charge" would cover the possibility of spending in order to attract customers who may have switched to another supplier.

The Ohio Consumers' Counsel (OCC) has said that current charges should cover expenditures for reliable service, and that additional charges on these grounds are not justified. The implementation, modification or rejection of various elements of FirstEnergy's plan will be decided by the Public Utilities Commission of Ohio.

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

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

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FirstEnergy Seeks Progressively Higher Rates