EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Oglethorpe Power Announces Selection of Kiewit Subsidiary as EPC Partner for New 1,425-MW Combined-cycle Facility in Georgia

LCG, January 13, 2026--Oglethorpe Power today announced it has selected Kiewit Corporation through its subsidiary, The Industrial Company (TIC), as the Engineering, Procurement and Construction (EPC) partner for its new combined-cycle (CC), natural gas-fired power plant in Monroe County, Georgia. The new, 1,425-MW facility represents a capital investment of more than $3 billion. Commercial operation of the new generation capacity is planned to commence in 2029.

Read more

Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

Read more

Industry News

Britain's Ofgem Says Power Firms Have 'Rigged Market'

LCG, Aug. 13, 2001--The head of Britain's Office of Gas and Electricity Markets has warned that power companies have deliberately manipulated Neta, the new electricity trading market, to keepwholesale prices high, The Independent, an English newspaper, reported yesterday.

Ofgem chief executive Callum McCarthy said that since the new energy trading arrangements were set up in March, he suspected that companies had knowingly abused the market. "There have been some instances where prices have unusually changed, which looks very hard to justify in normal market conditions," he said.

McCarthy's complaint could be a ploy to gain additional clout for his agency. His comments come as the Department of Trade & Industry is due to decide whether to give Ofgem full powers to investigate such abuses, the paper noted.

McCarthy said that price fixing is more difficult under the new trading arrangements that it was under the previous power pool, but he believes companies still withhold generating capacity to influence prices. Without the new powers he is seeking, "the market will be more open to manipulation, and quite simply electricity prices will be higher. Ofgem has an obligation to protect the interests of consumers," he said.

Ofgem previously had included in its business licenses a "good behavior" clause under which companies could be put out of business for suspected abuse of market power. When British Energy Plc and AES Corp. of the U.S. refused to sign such contracts, the matter went to the British Competition Commission, which ruled last year there was no need for the clauses.

McCarthy has been pushing to have the clauses restored, in one form or another, ever since.

The Electricity Association, a trade organization in the UK, said in a letter to the Department of Trade & Industry that it was "strongly opposed" to Ofgem's proposals and that new abuse clauseswould deter new generators from entering the market.

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service