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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

AES to Build 670 Megawatt Plant in Bulgaria

LCG, Oct. 18, 2001--A joint venture between AES Corp. of the U.S. and Bulgaria's government-owned National Electricity Company said this morning that AES would begin construction next May of a 670 megawatt coal-fired power plant at the Balkan country's Maritsa East coal mining complex.

AES will invest $225 million of its own funds for an undisclosed share of the project, the joint venture said in a news release. Another $625 million in funding is expected from the European Bank for Reconstruction and Development, U.S.-based Overseas Private Investment Corporation and Germany's Kredit fur Wiederaufbau.

Bulgaria has profited recently from exports of electric power, gaining $150 million last year from power deals with Turkey, Greece, Macedonia and Yugoslavia. But as much as 40 percent of the nation's generating capacity is slated for decommissioning or overhaul by 2010, which could limit supply available for export.

The new plant is aimed at heading off that problem before it occurs.

The project is also expected to reduce Bulgaria's dependency on coal imports from Russia and Ukraine.

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