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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

Bruce Power Nuclear Units Near Restart This Month

LCG, Apr. 4, 2003--Regulators stated today that Bruce Power's nuclear generating units 3 and 4 at the Bruce A plant in Ontario may start operations this month after having been taken offline in 1998.

"Today's decision gives additional impetus to our program to rtestart the first Bruce A reactor before the end of April so it can provide electricity to the Ontario grid well in advance of the summer peak," said Duncan Hawthorne, president and chief executive of Bruce Power, in a statement. Regulators allowed the Ontario-based plant to begin refueling the units beginning in January, in time for an April start-up.

The ability of Bruce Power to maintain and prepare the units was briefly threatened in the fall of 2002 due to liquidity problems within British Energy, then a major shareholder. Now, Bruce Power is part of a joint venture between Cameco Corp., a miner of uranium, TransCanada Pipelines, and a trust that is part of the Ontario Municipal Employees Retirement System. Starting the units is seen by the Independent Electricity Market Operator as a positive development for reliability, and should mean that it will not have to purchase expensive imports during the summer as it did last year.
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