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Oklo and Siemens Energy Sign Agreement to Accelerate Power Conversion System for New SMR in Idaho

LCG, November 19, 2025--Oklo Inc. and Siemens Energy announced today that the parties have signed a binding contract for the design and delivery of the power conversion system for Oklo’s Aurora-INL (Idaho National Laboratory) nuclear small modular reactor (SMR). The agreement authorizes Siemens Energy to begin engineering and design work to expedite procurement of long-lead components and to initiate the manufacturing process for the power conversion system. Oklo’s expertise in advanced fission technology will be combined with Siemens Energy’s extensive industry experience with steam turbine and generator systems, with the ultimate goal of generating carbon-free, reliable electricity.

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NERC's New Winter Reliability Assessment Raises Concerns for Elevated Risk of Insufficient Supplies to Meet Demand in Extreme Operating Conditions

LCG, November 19, 2025--NERC yesterday released its 2025–2026 Winter Reliability Assessment (WRA), which concludes "much of North America is again at an elevated risk of having insufficient energy supplies to meet demand in extreme operating conditions." The WRA does state that resources are adequate for normal winter peak demand, but extended, wide-area cold snaps will be challenging.

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Industry News

Fitchburg G&E Asks Massachusetts for Rate Hike

LCG, May 29, 2001--Fitchburg Gas & Electric Light Co. subsidiary has asked Massachusetts regulators for authority to increase electric rates to compensate for higher purchased power costs, the utility's parent holding company said Friday.

FG&E asked the Massachusetts Department of Energy and Telecommunications for permission to increase its standard offer service rates. Standard offer service is provided to customers who have not switched to a competitive service provider under the state's deregulation scheme.

When Massachusetts deregulated its electric industry, it created standard offer service for customers of record on March 1, 1998 who either could not switch or chose not to. Another form of service, electric default service, was created for customers who moved into a utility's service territory after March 1, 1998, or who had switched and them switched back to FG&E. Default service customers get power at market rates, without a markup being applied by the utility.

Because standard offer service rates have been below market rates, about 80 percent of FG&E customers get that service. The requested rate hike would result in an increase of between 9 and 13 percent, but the new rates would still be less than the market rate, according to utility spokeswoman Stephanye Schuyler.

If the increase is granted, a typical residential customer using 500 kilowatt-hours of electricity per month will see an increase of $6.15, or 9.3 percent. The rate hike would go into effect on July 1.

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