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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

Spanish Endesa to Sell Power Unit to Italy's Enel

LCG, Sept. 13, 2001--Spanish electric utility Endesa said yesterday it would sell its New Viesgo electric generation and distribution business to Enel of Italy for 2.147 billion euros ($2.39 billion U.S.).

New Viesgo will give Enel a foothold in Spain with a retail customer roster of more than a half-million representing about 3 percent of the Spanish distribution market. Its 2,365 megawatts of installed generating capacity is almost 5 percent of the Spanish total.

The financial channel between Endesa and Enel is a two-way street. In July, Endesa agreed to buy Enel's Elettrogen for 2.63 billion euros ($2.93 billion). Endesa has said it will place other assets on the market as part of a program to raise 20.5 billion euros ($22.8 billion).

Enel beat out rival bids from Spain's Hidroelectrica del Cantabrico, Belgium's Electrabel and a unit of France's Suez.
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