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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

North Korea Agrees to Joint Survey of Power Needs

LCG, Jan. 2, 2001South Korean officials could cross the demilitarized zone later this month to inspect the electric power resources of North Korea as the result of three days of high-level talks between the two countries aimed at opening up economic cooperation.

As the meetings concluded Saturday in Pyongyang, the two sides agreed to hold another meeting, possibly as soon as this week, to set up a joint field survey to investigate North Korea's power infrastructure.

Last week's talks, held at the deputy minister level, were an outgrowth of and earlier ministerial exchange. North Korea made it plain that its request for electricity was the most important item on last week's agenda, including the possibility of importing South Korean power into the North.

For its part, South Korea was plumping for economic cooperation that would tie the two countries closer together. The South wanted to talk about a cross-border railroad and highway, an industrial park near the border and a dam, also near the border.

Reclusive North Korea sees to possibility of allowing South Koreans to investigate its power situation as a significant adjustment on its part. Pak Chang Ryon, the North's chief negotiator, was quoted in the South Korean press as saying "We have made big concessions this time, and we expect equal concessions from the South when we meet again in Seoul."

Representatives of both countries said the content of last week's discussion would be released early this month. But even as the talks were in progress, it was apparent that North Korea was avid in its quest for electricity. Even in the capital city of Pyongyang, some buildings are without power.

It is winter in Korea, and it is probably 20 degrees below zero, or colder, in a lot of places.

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