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Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

UK May Exempt Efficient Power Plants from Taxes

LCG, Nov. 19, 2001--The British Treasury is investigating whether it can overcome European Union rules on state aid so it can grant full exemption from its controversial climate change levy to energy efficient heat and power producers, the Financial Times reported yesterday.

The tax that would be removed would be that on electricity produced in cogeneration plants and sold in the open market through National Grid. That output is now taxed under the climate change levy but the government wants to double the output of cogenerators by 2010 as part of its efforts to reduce greenhouse gas emissions.

The Treasury has told cogeneration developers that full exemption from the tax would be likely to be classed as state aid needing EU approval. It said it is checking whether measures taken by other EU members to promote green energy developments might have created a precedent to allow further help for CHP developers.

Two British government agencies, the Department of Environment and Rural Affairs and the Department of Trade and Industry have been pressing Treasury to exclude all combined heat and power-generated electricity from the tax, the Financial Times said.

David Green director of the Combined Heat and Power Association said: "This is a critical decision. Full exemption will help build new confidence in the industry and prevent further job losses." A number of heat and power projects have recently been cancelled because of high gas prices, problems over new electricity trading arrangements and the climate change levy itself, the paper said.

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