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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Serb Energy Minister Quits As Power Crisis Grows

LCG, Dec. 29, 2000Serbian Energy Minister Srboljub Antic said yesterday that he would resign because he has been unable to alleviate a growing power crisis that has many householders doing without electricity up to 18 hours per day.

Antic told Belgrade Radio "Since I may not have done enough or I should take some responsibility for the energy situation, today I will submit my resignation from the post of the Serbian minister of energy."

Serbia, already short on electric generation resources, has seen it's power problems become acute as a result of a long dry spell which has reduced the flows in the Danube and Sava Rivers, cutting hydroelectric generation severely.

On Monday, Dragan Batalo, assistant general manager of national utility Elektroprivreda Srbije, said things had got so bad that institutions such as hospitals might no longer be exempted from the cuts. "It can even happen that consumers remain without power for an unplanned and unlimited time," he said.

Antic had been appointed energy minister on an interim basis in the transitional government that took over from the Socialists in Serbia, which is Yugoslavia's dominant republic, after Yugoslav president Slobodan Milosevic was ousted in October.

As the power crisis deepened, Serbia took to "borrowing" electricity from its neighbors, taking it illegally from the Balkan transmission grid to which several of Serbia's neighbors are connected. The new government concedes that the power must be repaid.

Ironically, Antic's resignation may come just as the power situation in Serbia improves. Recent rains should help with hydroelectric power and the country has worked out a deal with Gazprom of Russia for power plant fuel.

"The situation with the electricity is dramatically improving because of a heavy rainfall in the region. I expect the situation to significantly improve (Friday) and no power cuts on Saturday," Antic said.

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