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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

Serbia Deepens Power Cuts, May Raise Prices

LCG, Dec. 26, 2000-- Serbian Energy Minister Srboljub Antic said yesterday that electric power rationing, under which about half of the country's electric customers have gone without power for at least four hours a day, would be tripled, affecting more people for longer periods.

Yesterday, the Serbian power company Elektroprivreda Srbije (EPS) extended the power cuts to about three quarters of its customers and stretched the periods of the outages to eight hours.

December 25 isn't Christmas in Serbia, which celebrates the Orthodox feast on January 7.

The austerity is in response to complaints from Serbia's neighbors, with whom it is interconnected in the transmission grid of the former Yugoslavia. Serbia has been using those connections to import unauthorized amounts of power from other Balkan countries, Antic said.

"As of today we must stop unauthorized borrowing of electricity from our neighbors to cover our needs and resolve our own problems," he told a news conference yesterday.

Serbian officials say the power shortage is the result of several factors, some natural some man-made. A summer drought and a winter that so far has provided little rainfall have lowered the water levels of the Danube and Sava Rivers, which has severely reduced hydroelectric production. In addition, the power infrastructure was neglected during the administration of ousted President Slobodan Milosevic, who diverted cash to military or personal use.

The power cutbacks could go even deeper than Antic predicts. EPS assistant general manager Dragan Batalo 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.

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