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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

Nuclear Power Project Looks Dead

LCG, Oct. 2, 2000Taiwan's economics minister has recommended that construction be halted on the controversial $5.43 billion, two-unit, 2,700 megawatt nuclear power project that would be the island's fourth nuclear plant, Taipei newspapers reported yesterday.

Lin Hsin-yi said, in delivering his long-awaited report to the cabinet, that he believed alternative sources of electric supply could be found. Officials at Taiwan Power, the government-owned electric utility, said that the minister's recommendation could prove fatal to the project.

Chen Shui-bian, president of the Republic of China, had promised shortly before he was elected last March that he would oppose the nuclear project. But Tang Fei, the premier who is subordinate to Chen, has said he might step down if the plant is scrapped. Legislators could also save the project.

Yu Sheng-hsiung, nuclear communications director of Taiwan Power, said killing the project would cost the company an additional $960 million on top of the $1.6 billion already spent. There is also the matter of a $1.8 billion contract with General Electric Co. of the U.S. for the two reactors.

The nuclear project has suffered intense opposition from environmental organizations which have stirred fears among island residents of the catastrophic effects of a serious accident..

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