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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

New Russian Nuclear Power Plant Goes Critical

LCG, Feb. 23, 2001Operators this morning began the nuclear chain reaction in Russia's first new nuclear power plant to be completed since the Soviet era. Officials called it a "breakthrough" and opponents said it reminded them of Chernobyl.

The Rostov Atomic Energy Station is southern Russia has been more than 20 years in the making. It was almost complete when a unit of the Chernobyl plant exploded in 1986, prompting sufficient opposition even in Soviet Russia to halt construction.

Plant spokesman Yegor Obukhov said it would take several months to bring the new plant up to 100 percent of capacity. Thereafter, it will supply much-needed power to Rostov province and much of the region between the Black Sea and the Caspian Sea.

The Soviet-designed VVER-1000 reactor at Rostov differs considerably from the infamous Chernobyl reactor, officials point out. The most notable difference is the isolation of radioactive functions in a containment building strong enough to withstand an internal explosion and a magnitude-7 earthquake.

That isn't good enough for the plant's opponents. "This is the last thing the Rostov province needs. We've seen what those monsters can do and should never forget it," said Alexander Filipenko, chairman of the Rostov Chernobyl Union.

What those monsters do is provide 12 percent of Russia's electricity. Vladimir Pogorely, director of the new facility, said the plant would also create thousands of new jobs for the depressed town of Volgodonsk, and added that the reactor would be the safest in Russia.

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