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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Sage Geosystems Announces Funding for Next-generation Geothermal Power Generation Project

LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.

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Industry News

UK Rejects Ofgem's 'Good Behavior' Rules

LCG, Dec. 11, 2000--The British Competition Commission this morning told the government's Office of Gas and Electricity Markets that it could not make "good behavior" clauses a part of the licenses of electricity generators.

Ofgem had got six companies to grudgingly accept the clauses which the regulator hoped would end what it perceived as market manipulation, but two firms, British Energy Plc and AES Corp. of the U.S. balked, saying they would take their chances with the Competition Commission.

The Commission said this morning that it was not "against the public interest" for the two companies to do business without the clauses in their contracts.

The decision was a sharp rebuff for Ofgem general director Callum McCarthy, who see abuses of market power behind every power pole. He said he was "deeply disappointed" because it would mean he couldn't enforce the clause even against those who signed it.

"I regard this as a substantial loss of measures needed by Ofgem to do our job," McCarthy said. "This is to the detriment of consumers whose protection is Ofgem's new primary objective under the law."

In its decision, the Commission said "We think such a prohibition would cause uncertainty, because of the difficulty of distinguishing between abusive and acceptable conduct, and would risk deterring normal competitive behavior."

The companies had argued that the clause gave Ofgem the combined powers of "judge, jury and executioner."

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