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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

Koreas to Survey Power Sector on Entire Peninsula

LCG, Feb. 9, 2001North and South Korea agreed yesterday on a joint survey of the electric power systems covering the entire Korean peninsula, offering additional evidence of growing rapprochement between the two nations.

North Korea, on the second day of three-day talks held in its capital city of Pyongyang, had asked South Korea to begin sending electricity north as soon as possible. The North Koreans had earlier asked to receive 500 megawatts of power from the south.

Electricity shortages plague North Korea, where many homes and business are reported to be without power in the middle of the winter. Winters in North Korea are very cold, with temperatures as low as minus 30F not uncommon.

South Korean official say it would take four years to build the necessary transmission facilities and cost more than $600 million. The time and money could be better spent, they say, repairing generating facilities in the north.

South Korea expects the survey to show that North Korea has 7,300 megawatt of installed generation, but is capable of producing only 2,000 megawatts because of maintenance problems, obsolescence and fuel shortages.

South Korea said there was a possibility that it could ship surplus coal to North Korean plants.

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