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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Government Panel Approves New Nuclear Plant

LCG, Aug. 21, 2000--The Japanese Electric power Development Coordination Council today endorsed a plan by Chugoku Electric Power Co. to build a new 1,370 megawatt nuclear reactor at its plant in the town of Kashima, located on the Sea of Japan in Shimane Prefecture, near Hiroshima at the southern end of the main Japanese island of Honshu.

Development of the project would be the first endorsement of nuclear power in Japan since the accident last September at a uranium processing plant in Tokaimura.

The Chugoku project would take seven years to complete, with construction beginning in 2003. Residents of the area have objected to expansion of the Kashima plant and may lodge protests against the project.

The EPDCC, an advisory panel to the prime minister, said it endorse the new nuclear reactor because Japan will need to expand its electric generation by almost 52,780 megawatts by the year 2009 because electric consumption is increasing at a rate of 1.8 percent per year.

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