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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

Ontario Scales Back Agreement with Korean Consortium to Develop Renewables

LCG, June 21, 2013--The Ontario government has renegotiated the province's Green Energy Investment Agreement (GEIA) with the Korean Consortium, which includes Samsung C&T Corporation, and reduced the planned investment in solar and wind energy development.

The revised GEIA reduces the total commitment for renewable energy projects from 2,500 MW to 1,369 MW, which equates to an estimated C$3.7 billion reduction in contract cost, or about $24 per year for the average residential consumer, according to the Ministry of Energy.

In an effort to increase local engagement, the Korean Consortium will be required to obtain municipal council support resolutions for all new renewable energy projects.

In January 2010, Ontario announced that it signed an agreement with a Korean consortium, led by Samsung C&T Corporation and the Korea Electric Power Corporation (KEPCO), to work with major partners to attract four manufacturing plants related to wind and solar technology for use in Ontario and to export to the United States.

Construction of the first wind farm associated with the GEIA, the 270-MW South Kent Wind Project, was announced in late March of this year. The South Kent Wind project stimulates the Ontario wind energy supply chain and includes 124 Siemens 2.3-MW turbines manufactured in the province, plus towers from facilities in Windsor, and blades from Tillsonburg.


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