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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

European Firms Get $700 Million to Complete Iraqi Plant

LCG, Sept. 19, 2000The government of Iraq has signed contracts worth $700 million with several European companies to complete a power project halted by U.N. trade sanctions, the Iraq News Agency reported yesterday.

The report from the official news agency Iraq's public relations department did not say which companies were involved or whether they were acting separately of as a consortium.

The plant, about 250 miles north of Baghdad near the city of Mosul, will be completed by firms from England, Germany, Italy, Sweden and Yugoslavia. Money for the program has been set aside from U.N.-authorized oil export revenues.

The news agency did not say whether the U.N. sanctions committee, which examines Iraqi contracts, had approved the program, nor did it disclose the capacity of the power plant. It did say that when it was completed the plant would make up the current power shortage in Iraq.

If it does, the facility will be the mother of all power plants, to borrow a phrase favored by Iraqi strongman Saddam Hussein. According to the news agency, Iraq currently has about 5,000 megawatts of generation while power officials estimate the country's needs at 10,000 megawatts.

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