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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

Immediate Restart on Taiwan Nuke Construction

LCG, Feb. 14, 2001The Taiwan cabinet said this morning that construction on the island nation's fourth nuclear power plant will resume immediately, ending three month's of political stalemate.

Premier Chang Chun-hsiung, the number three ranking political official in the Republic of China, said "To me this is a bitter decision and unavoidable responsibility." He pointed out that his Democratic Progressive Party was in a minority in parliament with just 66 seats in the 220-member legislature, which is controlled by the rival Nationalist Party.

The $5.4 billion (U.S.), 2,700 megawatt nuclear power plant was a third complete when the DPP government ordered construction halted last October. President Chen Shui-bian had been elected almost a year ago on an anti-nuclear platform and the restart of construction is his first major political defeat.

The resumption of construction does not mean the nuclear power controversy is over. The DPP said it would support a nationwide anti-nuke protest planned for February 24 and would encourage its members to take part.

The power plant is backed by the Nationalists and by Taiwan's business community because of the possibility of future power shortages. The Nationalist Party, heir to the Kuomintang of Chiang Kai-shek, had held power for more than 50 years until elections last March returned the DPP's Chen. Now, the Nationalist may use this defeat to mount an effort to unseat the new President.

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