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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

Kuwait's Parliament Slows Emergency Power Projects

LCG, Feb. 13, 2002--The Kuwaiti parliament made the awarding of contracts for power plant construction subject to normal review procedures on Tuesday, rather than allow Electricity Ministry representatives to award contracts themselves.

$425 million worth of contracts were being considered in order to protect the country against possible shortages in 2003. Western executives consider the processing and review of contracts by the Central Tender Committee (CTC) to be an extended procedure.

Companies such as Siemens AG, General Electric, Alstom SA and Mitsubishi have already submitted bids for a gas turbine project worth approximately $400 million. The parliament is not altogether comfortable with state contracts that are not subject to traditional review, however.

The Electricity Minister Talal al-Ayar made a statement to the parliament that the ministry panel charged with approving power projects was in place "for the urgent necessity to implement projects to meet the country's future power needs."

The country experienced nine percent growth in power demand in 1999, and hopes to procure 1,000 megawatts in new capacity by 2004. Summer temperatures in the shade can reach 125 degrees Fahrenheit (50 Celsius).
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