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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

Bulgaria Looks For Help to Construct Nuclear Plant

LCG, April 1, 2003Several international companies have expressed interest in completing a nuclear power plant in Bulgaria.

The government of Bulgaria has been pursuing the construction of a second nuclear power plant since the end of last year as four reactors are to be closed at its 3,760-megawatt Kozloduy plant on the Danube River.

British Nuclear Fuels PLCs subsidiary U.S. Westinghouse, Atomic Energy of Canada Ltd., Framatome SA, Skoda of the Czech Republic, and Atomstroyproect of Russia have all looked into building a nuclear plant for Bulgaria and have given the government engineering specifics.

The reconstructed plant will be built at Belene, located on the Danube. Construction costs are estimated to be about $1 billion, according to Minister of Energy Milko Kovachev. Nearly half of the plants construction was begun in the 1980s. Later the 1,000-megawatt project was scrapped indefinitely as money ran out and the Soviet Union fell. Bulgaria hopes to use as much of the prior construction as possible, but the number of reactors, as well as the future plants capacity, hav not been established.

The countrys two oldest reactors closed at the end of last year, and four more will be decommission in 2007.

Meanwhile, Bulgaria sells a significant amount of its electricity internationally, exporting to neighboring states like Romania, Greece, Serbia and Turkey. The government will try to keep its share of the export market throughout its transition between nuclear plants.

According to U.S. government statistics, Bulgaria produced roughly 38.84 billion kilowatt-hours and exported over 3 billion kilowatt-hours in 2000. Energy is produced by nuclear fuel, fossil fuels, and hydro generators in proportions of 44%, 48%, 8% respectively. The country has a population of 7.6 million.

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