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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

Slovakia Takes First Steps in Power Privatization

LCG, April 30, 2001The government of Slovakia took its first steps toward privatization of its electric industry today, taking out ads seeking advisers to manage the sale of the country's three electricity distribution companies.

The three firms are government-owned monopolies within the three Slovakian administrative regions: Zapadoslovensky, Stredoslovensky and Vychodoslovensky. The government plans to sell 49 percent each of the three firms by the end of this year.

Next year, Slovakia hopes to sell a 49 percent interest in its dominant electric generation monopoly, Slovensky Elektrame.

Slovakia, which is pushing for membership in the European Union, has dragged its feet in the liberalization of its power sector, seen as a condition of acceptance by the EU. Because of its late start, the privatization program is well behind schedule and observers doubt that stakes in the distribution companies can be sold this year or that the much more complex partial sale of Slovensky Elektrame can be completed next year.

Though the current government has lent its support to liberalization, it has yet to consider legislation to govern a semi-private electricity sector. There is, for example, no provision for regulation.

When the distribution companies are sold, Vychodoslovensky energeticke zavody is likely to go first because it is a pure power company with no municipal heating subsidiaries that would need to be split off beforehand. Zapadoslovensky energeticke zavody will likely draw the greatest interest because it serves the most industrialized portion of Slovakia, including the capital city of Bratislava near the Austrian border.

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