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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

Construction Begins on Carbon-Free Coal Plant

LCG, May 31, 2006--The official ground-breaking ceremony occurred in Germany earlier this week for a coal-fired power plant that will employ the oxyfuel technology to capture and sequester carbon. The 30-MW plant is under construction in eastern Germany near Cottbus and is the pilot plant being built by Vattenfall AB, an electric utility owned by the Swedish government. The plant is estimated to cost $64 million and is scheduled to commence operations in 2008.

To reduce emissions and create the opportunity for carbon capture from coal plants, most companies are selecting an integrated gasification and combined cycle (IGCC) design. In contrast, Vattenfall's choice relies on incorporating the oxyfuel technology with a traditional, pulverized coal plant design. With the oxyfuel technology, the combustion process burns the coal in pure oxygen, rather than air - which is mostly nitrogen. The volume of flue gas is much less and consists mostly of carbon dioxide and water. The water can be condensed and separated, leaving the carbon dioxide that can then be liquefied and stored. The final plans for storing the carbon dioxide from Vattenfall's pilot project are not certain at this time. Solutions under review include underground storage in aquifers and spent oil wells.

Given successes with the technology, economics, and public acceptance; Vattenfall plans to develop a larger, 300-MW plant by 2015 and a 1,000-MW plant by 2020.
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