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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

NRG Energy Buys PowerGen's Hungarian Assets

LCG, July 2, 2001--NRG Energy Inc. of the U.S. said yesterday that it has entered the Hungarian energy market with its purchase from PowerGen Plc of the UK of two power plants located on Csepel Island in Budapest.

Csepel I is a 116 megawatt thermal plant and Csepel II is a 389 megawatt gas turbine power generating station. Csepel II reached commercial operation in November of last year and is the primary facility, the company said.

"NRG made this investment in the Hungarian market because it is strong and it is strategically located in our Central Europe core market region," said Steven H. Wolf, NRG's vice president and managing director for Central and Eastern Europe.

Wolf praised the operation for "its skilled workforce, commercial soundness, and its advanced emission reduction technology."

NRG has also acquired PowerGen's interest in two German energy businesses, Mibrag and Saale Energie GmBH. With its acquisition of PowerGen's interest in Saale Energie, NRG increased its ownership of the Schkopau power station from 200 to 400 megawatts megawatts.

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