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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

Taiwan Court Says Decision to Scrap Nuke is Flawed

LCG, Jan. 15, 2001Taiwan's 15-member Council of Grand Justices said today in a highly anticipated ruling that the decision by Premier Ghang Chun-hsiung to scrap a partly finished nuclear power plant was "procedurally flawed," but stopped short of saying Chang had acted unconstitutionally.

The justices said Chang, whose decision to halt construction on Taiwan's fourth nuclear power plant was announced October 27, should have first sought approval from the legislature.

Pro-nuclear opposition parties, apparently aware of the justices' decision over the weekend, said they would not demand Chang's resignation but will ask him to accept political responsibility for his decision to scrap the plant.

Chang had asked the Council of Grand Justices to rule on his decision after the Nationalist Party, with the support of other opposition parties, asked for the ouster of President Chen Chui-bian in retaliation for his administration's "unconstitutional disrespect" for the Legislative Yuan, Taiwan's legislature.

The leader of the legislative caucus of the ruling Democratic Progressive Party, Lee Wen-chung, said Chang's resignation would not be necessary if he submits his plan to halt the nuclear plant to the Legislative Yuan.

Today's decision by the justices is seen as leaving some wiggle room for the minority Democratic Progressives. It also means that the nuclear plant may not be dead. Construction could continue if the Chang's opposition in the Legislative Yuan, which holds a majority of seats, overrules the closure.

The plant, which is about one-third complete, would be Taiwan's fourth nuke and would have a capacity of 2,700 megawatts.

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