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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Slovakia to Sell Off 49 PercentOf Russia-West Europe Pipeline

LCG, Aug. 31, 2001--The Republic of Slovakia yesterday offered for sale a 49 percent interest in the country's natural gas monopoly, Slovensky Plynarensky Priemysel, or SPP, in what may be the largest energy sector privatization in Europe this year.

Whoever controls SPP controls the Slovak section of the natural gas pipeline linking Russia and Western Europe, which carries 80 percent of Russian gas to the West. While the Slovak government will retain a 51 percent stake in the business, it is offering operating control to the purchaser of the balance.

Slovak sources said the sale could net the government about $3 billion. SPP earned about $92 million last year on revenues of some $2.5 billion. Gas transportation revenues, about half of the total, have been kept low for political reasons.

Two consortia have already expressed interest in the sale. One is a combination of Ruhrgas of Germany, Gaz de France and Snam of Italy and the other is RWE and Wintershall of Germany. Gazprom of Russia and Eon of Germany are expected to toss their hats into the ring.

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