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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

EU May Finance Two New Ukrainian Nukes

LCG, Sept. 7, 2000--The European Union Commission yesterday approved a financial plan to help fund two new Ukrainian reactors as part of a safety strategy for Eastern European countries using Soviet-designed nuclear power plants.

The two new reactors in Ukraine would replace the last operating reactor at the notorious Chernobyl nuclear plant near Kiev, when it shuts down for good later this year.

The EU plan is expected to cost up to $1.5 billion, and the commission will seek loans from its member states to fund the program. In addition to providing money for decommissioning the four-unit Chernobyl, the plan would fund completion of two other Ukrainian reactors to assure that they meet "internally acceptable levels of safety."

The commission also proposes to provide funds for construction of a nuclear power plant in the Russian city of Kalinin, providing Russia agrees to permanently close at least one Soviet era facility.

The commission said its proposal is contingent upon a contribution from the European Bank of Development and Reconstruction.

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