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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

China Announces Plans for 30 Nukes

LCG, August 29, 2003-Chinese officials have said that the country expects to build 30 nuclear plants over the next 17 years.

China suffers from serious air pollution troubles, due to its overwhelming dependence on coal as an energy source. For the last couple years the world's most populated country has been making serious efforts to limit its coal use, moving industries out of cities and looking into alterative fuel sources.

According to the People's Daily, the country is looking to add 32,000 to 40,000 megawatts of nuclear power capacity by 2020.

China approved construction of four nuclear plants this year, at a cost of roughly $6 billion. They will be built in Zeijiang province and Guangdong province.

Earlier this month China also announced it will go ahead with the construction of what will be its largest nuclear plant. The giant, $8 billion plant will be built in Yangjiang city and have a capacity of 6,000 megawatts.

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