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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

Japan Considers Increased Gas Deregulation

LCG, December 26, 2002A Japanese Economy Ministry group has recommended opening the retail natural gas market to 44% of demand in 2004 and over 50% in 2007.

Japan already has made steps to deregulate its retail gas industry since 1995. Currently gas sellers that are not gas utilities can sell retail gas to commercial and industrial users at the rate of about 1 million cubic meters per year, or roughly 37% of all demand.

Now a group within the Ministry of Economy has advised a Japanese economic advisory board to allow 44% of natural gas to be sold in a deregulated market starting April 2004, and by April 2007, to deregulate over 50%.

Japanese officials have also discussed complete gas deregulation after 2007.

An advisory group will meet in January to discuss these suggestions, public commentary will follow, and another meeting will be held in February before any recommendations will be sent to Minister of Trade Takeo Hiranuma.

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