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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

Spanish Regulators Due to Rule on Endesa-Iberdrola Deal

LCG, Jan. 10, 2001Spanish regulators were to rule today on the planned acquisition of Iberdrola by Endesa, a combination which if left alone would result in a company controlling more than 80 percent of Spain's power supply.

People familiar with the Spanish competition tribunal say that its criterion will be that the combined company control a maximum of 40 percent of the separate sectors of the country's electricity business. The companies have expressed willingness to cut back their combined generating capacity to 40 percent of the market, but they had planned to keep at least half of their 8 million retail customers and almost two-thirds of the Spanish transmission and distribution business.

In making its offer for Iberdrola, Endesa trumped a bid by Gas Natural, an affiliate of Repsol YPF, and now Repsol is the most vocal critic of the Endesa-Iberdrola combination. Repsol want the deal blocked until the companies provide a list of the businesses they are willing to divest and a timetable for disposing of them.

Endesa and Iberdrola have both said that government conditions imposed on the merger could scotch the deal if they were too severe. Iberian observers pooh-pooh such talk as rhetoric aimed at speeding up the approval.

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