EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

Read more

EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

Read more

Industry News

UK Ends Residential Electric and Gas Price Controls

LCG, Nov. 26, 2001--Callum McCarthy, executive director of Britain's Office of Gas and Electricity Markets, this morning ended all price controls on sales of electricity and natural gas to households in the UK.

The Financial Times said the move represents a decisive step in the liberalization of Britain's energy markets, which began 15 years ago when the gas industry was privatized. Few people then expected that consumers would be able to move freely between suppliers, which would compete against other on price and service, the paper said.

Residential natural gas prices have dropped by 37 percent in those 15 years. Electricity prices have fallen by 28 percent since 1990, a year after the power industry was privatized.

Almost 33 per cent of household gas customers and about 30 per cent of electricity consumers have switched from their former suppliers since the markets became fully competitive in 1998 and 1999, the Financial Times noted.

Beginning today, all natural gas and electricity retailers, including the former government monopolies, will be free to raise or lower prices.

Ofgem says it still has plenty of power under competition and utilities legislation to take action against suppliers that behave uncompetitively or mis-sell products.

McCarthy said the British market is one of the most competitive in Europe, providing a model for utility privatization. "A liberalized and increasingly deregulated market for gas and electricity in Britain is working well. It has delivered large benefits to consumers in terms of quality, supply and price," he said.

"Since May 1999 every single household in Britain, and every industrial and commercial customer, has had complete choice as to which supplier provides its gas and electricity. All this has been achieved without any deterioration in customer standards," McCarthy crowed. "Interruptions to supply are even rarer today than they were a decade ago; our generating margin over peak demand stands at just under 30 per cent."

Copyright © 2025 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