We present thermoelectric power and resistivity measurements in the ferromagnet UGe2 as a function of temperature and magnetic field. At low temperature, huge quantum oscillations are observed in the thermoelectric power as a function of the magnetic field applied along the a axis. The frequencies of the extreme orbits are determined and an analysis of the cyclotron masses is performed following different theoretical approaches for quantum oscillations detected in the thermoelectric power. They are compared to those obtained by Shubnikov-de Haas experiments on the same crystal and previous de Haas-van Alphen experiments. The agreement of the different probes confirms thermoelectric power as an excellent probe to extract simultaneously both microscopic and macroscopic information on the Fermi surface properties. Band structure calculations of UGe2 in the ferromagnetic state are compared to the experiment.