EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

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

Outlook for Nuclear Power in Ontario is Bright

LCG, October 14, 2005--The Ontario government is expected to announce next week its approval to restart Units 1 and 2 of the Bruce A Nuclear Power Station near Kincardine in southwestern Ontario. The two, 750-MW nuclear units commenced operations in 1977 and were shut down in 1995 and 1997 by the prior owner, Ontario Power Generation (OPG).

In March 2005 it was announced by the government of Ontario that a tentative agreement had been reached with Bruce Power to restart Units 1 and 2 at the Bruce A nuclear generating station in Kincardine. At that time, the agreement was approved in principle by the boards of directors of the major partners of Bruce Power: Cameco Corporation, Transcanada Corporation, and BPC Generation Infrastructure Trust.

Negotiations have been on-going, and Ontario's new energy minister, Donna Cansfield, stated recently that "due diligence" and final wording are still being refined.

In order to reduce emissions and improve public health, the Ontario government committed to close nearly 7,600 MW of coal-fired, generating capacity by early 2009. The first of five coal plants, Lakeview Generating Station, with a capacity of 1,140 MW, was shutdown in April of this year. To compensate for the loss of generating capacity, the Ontario government is actively pursuing the development of new generating capacity from non-coal sources, together with demand-response projects.

Ontario has already been busy refurbishing reactors at the Pickering A nuclear station, located east of Toronto. The station originally commenced generating power in the early seventies and was placed in "voluntary lay-up" in 1997. The first of four Pickering A reactors was returned to service in September 2003. The refurbishment project was more than two years late and cost nearly three times the amount approved by the Board of Directors of OPG. Last month, Unit 1 also began generating power again. The 515-MW nuclear reactor is expected to be in full, commercial operation shortly. In August of this year, OPG announced its decision not to proceed with refurbishing Pickering A's units 2 and 3.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service