By combining ab initio simulations including an on-site Coulomb repulsion term and Boltzmann theory, we explore the thermoelectric properties of (LaNiO3)n/(LaAlO3)n(001) superlattices (n = 1, 3) and identify a strong dependence on confinement, spacer thickness, and epitaxial strain. While the system with n = 3 shows modest values of the Seebeck coefficient and power factor, the simultaneous reduction of the LaNiO3 region and the LaAlO3 spacer thickness to single layers results in a strong enhancement, in particular of the in-plane values. This effect can be further tuned by using epitaxial strain as control parameter: Under tensile strain corresponding to the lateral lattice constant of SrTiO3 we predict in-and cross-plane Seebeck coefficients of ±600 µV/K and an in-plane power factor of 11 µW/K 2 cm for an estimated relaxation time of τ = 4 fs around room temperature. These values are comparable to some of the best performing oxide systems such as Ladoped SrTiO3 or layered cobaltates and are associated with the opening of a small gap (0.29 eV) induced by the concomitant effect of octahedral tilting and Ni-site disproportionation. This establishes oxide superlattices at the verge of a metal-to-insulator transition driven by confinement and strain as promising candidates for thermoelectric materials.