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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

Germans Agree on Plan to Shut Nuclear Plants

LCG, May 14, 2001German government and electric industry leaders have worked out compromises to disagreements over plans to shut down the country's 19 nuclear power plants, the Frankfurter Allgemeine Zeitung reported this morning.

Chancellor Gerhard Schrder and leaders of the country's electricity producers had worked out a broad outline of the plan last June, but the energy producers later called for changes in the draft legislation because they feared the text could be rewritten to their disadvantage, the paper said.

Environment Minister Jrgen Trittin said over the weekend that the parties could sign the agreement later this month or early in June. The agreement would then be considered by the German cabinet and then by the Bundestag, Germany's parliament. The deal would not be subject to approval by the Bundesrat, an assembly of German states.

Tritten, a leader of the anti-nuke Green Party, told the Berlin newspaper Tagesspiegel, "The result of the agreement is that around 2018 Germany will no longer have any nuclear power plants on-line." Tritten has been guilty of wishful thinking in the past, however.

According to the Frankfurt paper, the plan would allow each plant to operate for 32 years and produce a fixed amount of energy. But producers could trade these quotas among plants, allowing older facilities to be closed in order to extend the life of other sites.

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