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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

1,569-Mile Chinese Transmission in Operation

LCG, June 3, 2002-A 1,569-mile (2,525 kilometer) transmission line in China now connects the Western province of Sichuan to Eastern provinces such as Shanghai and Zhejiang.

Sichuan plants will supply 750 million kilowatt-hours to Shanghai and Zhejiang, as agreed upon by the Chinese government.

An inefficient and incomplete electricity grid has lead to serious waste, such as in the case of the $3 billion Ertan hydroelectric plant in Sichuan, which lacks customers and must operate below capacity.

The new transmission line comes at a time when China is redefining its electricity industry and laying out plans to split up its state-run electricity monopoly. China plans to have all of its transmission connected by 2005, with the exceptions of Tibet, Xinjiang, and Hainan.

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