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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

South Africa Moves Ahead with Small, Modular Nukes

LCG, Jan. 17, 2001-- South African utility Eskom and its partners received cautious support at a public meeting yesterday on a plan to build a demonstration mini nuclear reactor in the Western Cape region, Business Day reported this morning in Johannesburg.

The small nuclear plant consists of a 110 megawatt pebble bed modular reactor, called a PBMR which is also the name of a company set up to push the project, and its attached steam turbine and generator. The usual naysayers have protested the experiment but the South African government has been vocal in its support.

"The reactor's key features are that it is safe, small, cost effective, clean, generates little waste, can be built almost anywhere and that construction time is short," said Phumzile Tshelane, reactor physics group manager with PBMR company.

Eskom says the PBMR will help meet South Africa's future power needs and could produce annual earning of 18 billion rands ($2.3 billion U.S.) within five years, and South Africa will need the power.

Nompi Tshabalala-Dunn, a deputy project manager with Eskom, said yesterday that 87 percent of South Africa's power was from coal-fired plants which produce about 40,000 megawatts, insufficient beyond 2010. "By 2020, we will need to produce an additional 20,000 megawatts of electricity," she said.

Eskom owns 30 percent of the project, the Industrial Development Corporation has 25 percent, British Nuclear Fuels Ltd. 22.5 percent, and US nuclear electricity utility Exelon Corp. 12.5 percent. Eskom has retained another 10 percent for a minority group partner.

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