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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

Coal Supply Refused to Huge Drax Plant

LCG, October 17, 2002-A coal supplier refused to deliver coal to the 4,000-megawatt British Drax plant because it had not paid its bill.

Supplier UK Coal Plc stopped coal service to Britain's largest power plant today because the AES Corporation, which owns the Drax plant, could not pay its $19 million coal bill. Earlier this week, TXU Europe, a subsidiary of the TXU Corporation of Texas, neglected to pay AES for $31 million worth of electricity.

The Drax plant, located in Yorkshire, England, consumes 25 percent of UK Coal's product.

The energy sector in Britain has fallen in step with its American counterparts, and many in industry are facing financial difficulties. Last month British Energy Plc, England's nuclear power source, narrowly avoided financial downfall and is currently using government assistance in order to stay in operation.

Meanwhile, TXU Europe has come up with the required cash to pay its AES bill and UK Coal may be paid as early as Friday. The Drax plant currently has enough coal for over 2 months, and plant officials are not overly concerned about potential impacts of the situation as yet.

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