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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

China Considers Moving Industries From Coal to Oil Dependence

LCG, August 6, 2002-China's government may instate a major policy to change its industries' main energy source from coal to oil.

China's populated cities have made efforts recently to shift away from burning coal. Beijing, the future site of the 2008 Olymics, exemplifies this new sentiment, as various coal-burning facilities have been moved out of the city or banned. Other cities have been exploring gas and oil options in efforts to reduce the amount of air pollution.

As a percentage of total energy sources, China uses much more coal than other industrialized nations. Worldwide, coal constitutes less than a quarter of all energy. Not long ago, 75 percent of China's energy came from coal, but coal's use has most recently dropped to 70 percent.

Although China's policymakers are interested in cleaner fuels, they are cautious about moving away from a source of energy that can be mined from within China's boundaries. Switching to oil would require hundreds of millions of tons of oil to be imported and tens of thousands of workers to be laid off.

The Energy Institute of China's State Development Planning Commission has developed the policy and submitted it to the central government for consideration.

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