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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

South East Asian Association Discusses Transnational Energy Plans

LCG, July 3, 2003ASEAN, the Association of South East Asian Nations, met over the last few days and discussed a plan for a transnational electricity supply grid already falling into place.

Energy and industry government officials from Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Malaysia, Singapore, Thailand, and Vietnam, met and discussed several issues including a proposed transnational transmission system.

With international transmission capability, Thailand could sell its surplus electricity to Myanmar, and Laos would be able to sell electricity to Cambodia. Indonesia, as the world's fourth most populous country, could also better meet its electricity needs since it lacks capacity in some more rural areas.

ASEAN has three transmission projects now in operation, as well as eight under construction, and some in planning stages. The nations plan to have 14 transmission projects completed and operating by 2020. Lines in operation at this point are Peninsula Malaysia-Singapore, Thailand-Peninsula Malaysia, and Thailand-Laos.

The Secretary General of ASEAN, Ong Keng Yong, noted that the transmission plans may only benefit a few of the Associations nations, specifically Cambodia, Myanmar, and Indonesia. However, those selling power to these three nations should also benefit from the transmission grid as they can dispose of excess capacity and perhaps make some profit as well.

The recent meeting also established an energy-related advisory body, the ASEAN Gas Consultative Council (AGCC), and served in advancing evaluation of several energy issues, including gas pipelines and the fossil fuel market.

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