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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

Peru's Privatization Delayed While Protests Debilitate Cities

LCG, April 18, 2002-Peruvian officials planned to auction off state-owned generators on May 1 but have pushed the date back to the 15th at the request of bidding parties.

Egasa and Egesur were to be up for sale even before the May 1 date; Wednesday's postponement to May 15 was the second within a week.

Meanwhile groups in southern Peru have protested, fearing job losses and higher electricity prices. Many civic groups see nothing beneficial in yielding national assets over to foreign investors.

Yesterday protestors blocked entrance to Peru's second largest city, Arequipa, workers were on strike, buses were out of service, and stores in the center were closed. Other Peruvian cities were affected as well. Workers in southern Peru began striking the day before yesterday.

AES Corp., Duke Energy, NRG, Public Service Enterprise Group, Tractebel (Belgium), and Statkraft(Norway) have been found technically qualified to bid on Egasa and Egesur.

Peru's intentions of privatization were set back last week when an official resigned from Copri, the country's privatization commission. Executive Director Pedro Sanchez left the commission after it was decided that the commission would be combined with two other governmental bodies. Vice Financial Minister Patricia Teullet also resigned last week, a move that may have made foreign investors a little skittish.

A Congressional committee has advised that privatization wait until a technical study can be conducted, while others fear that privatization is moving too slowly and may become further hindered by municipal elections some months from now.

Peruvian officials hope to get $700 million for the sale of public energy assets.

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