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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

Tokyo Electric Operates One Nuclear Reactor

LCG, May 9, 2003--A single nuclear reactor out of Tokyo Electric Power Company's (TEPCO) fleet of 17 such power plants was restarted this week, following an inspection that turned up no cracks or structural deficiencies.

The fleet was completely shut down on April 15, but other than the 1,350-megawatt No. 6 reactor, the utility has no immediate plans to restart others. The shutdown was initiated due to revelations concerning cover-ups of the discovery, at certain reactors, of cracks. The cost of either purchasing power or running fossil-fuel plants in its fleet has impacted TEPCO, which may have to bring new plants into operation before their scheduled start dates, and has made corporate users aware that they can receive discounts for lowering consumption.

The company has disclosed that with the increased demand for power expected during summer, a minimum of 10 of the reactors will need to be restarted to avoid a serious power emergency. The No. 6 reactor was shut down in January for a regular inspection, and is located about 155 miles north of Tokyo.
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