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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

Refunds to California Utilities Will Be Delayed by Settlements

LCG, Apr. 15, 2004--The California Independent System Operator (ISO), which is preparing market data to be used by the Federal Energy Regulatory Commission (FERC) in the determination of refunds by power producers to utilties, said through a spokesman today that the data would be provided to the FERC by November, later than expected.

The ISO is conducting the processing of data related to the California power market during the energy crisis of 2000-01, in order to determine the prices that should have resulted in the market, given generators' costs of production. Although the ISO expected to submit the cost data by the summer, the work is being delayed by the possibility that settlements will occur between power producers and regulators. FERC has stated that prices were unust and unreasonable, but has signaled that it is not in agreement with California officials' assertion that power producers owe nearly $9 billion worth of refunds.

Once refunds have been calculated, the amount paid could be offset in certain cases by the fact that some payments by the utilities to producers are still outstanding. Some power sellers that do not settle or agree with the refunds may file legal challenges once FERC's determination of amounts owed are announced.
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