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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

British Energy Minister Says Nuclear Power Necessary

LCG, Feb. 9, 2002--Prior to the release of a government report on British energy security, the energy minister Brian Wilson spoke in an interview with The Guardian about what he saw as the future role of nuclear power in Britain.

Wilson emphasized two trends - a significant increase in use of renewable energy resources, which he said could increase energy prices, and "a seller's market" in natural gas, which is being used by most new generating plants.

The minister is one of the few Labour party leaders who supports nuclear power. He said that nuclear investment might need assistance in the form of tax and planning allowances in order to make it competitive.

Other parts of the upcoming report, from a trade and industry select committee, advocates a target of 20% of energy supply from renewable resources by 2020. Wilson said that the country's climate change levy, assessed on emissions by power plants, would actually assist nuclear power. He said, "there is no contradiction between being pro-renewable and pro-nuclear."
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