Energiewirtschaft - Konventionelle Kraftwerke

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  •  
    04/12/2024
    Ungarn

    Hungary to introduce new statistical classification for economic activities on 1 January 2025

    As of 1 January 2025, a new version of the statistical industrial classification of activities (NACE’25) will replace the currently applicable classification system (NACE’08). The change was mandated by EU legislation, and as a result from 1 January 2025 economic activities pursued by Hungarian companies must be classified according to the new NACE’25.Hungary’s parliament has just adopted the act outlining the obligations of Hungarian companies regarding the upcoming changes to the activity-classification system specified below.Until 31 January 2025, the National Tax and...
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  •  
    18/10/2024
    United Kingdom

    Long duration energy storage - Government Response

    The Government has now published its much anticipated response (the “Response”) to its long duration electricity storage consultation (the “Consultation”), which was published on 9 January 2024. The policy framework envisaged by the Consultation and the Response aims to address the challenges and opportunities associated with investment into long duration electricity storage (“LDES”). Our previous LawNow article on the Consultation can be found here.As well as confirming that the Government will proceed with the proposed cap and floor scheme, the Response confirms...
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  •  
    02/10/2024
    Ungarn

    Hungary begins implementation of EU AI Act with passage of Resolution

    The Hungarian government has issued Resolution 1301/2024. (IX. 30.), which establishes the foundation for creating the body responsible for implementing the tasks required by the EU AI Act. In issuing this resolution, Hungary has begun preparations for enforcing the regulation, which means that companies should now prepare for compliance by reviewing the AI systems they use, assessing these systems' alignment with the EU AI Act's requirements, and preparing the necessary risk management documentation to ensure transparency, accountability, and safety.Hungary’s new enforcement body will:Operate...
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  •  
    01/10/2024
    United Kingdom

    Establishing the National Energy System Operator

    Introduction and background As of today, 1 October 2024 (“NESO Commencement Day”), Great Britain’s (“GB’s”) electricity and gas system will be planned and operated by a newly designated independent, publicly owned organisation – the National Energy System Operator Limited (“NESO”) – as part of the strategic approach to enable the Government’s target of a zero-carbon energy system by 2030.Pursuant to a decision notice (the “NESO/ELEXON Decision Notice”) issued by the Secretary of State (“SoS”) for the...
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  •  
    06/08/2024
    Ungarn

    EU Commission finetunes the Foreign Subsidies Regulation: insights into the latest Guidance

    On 26 July 2024, the European Commission released a staff working document that clarifies the Commission’s substantive test under the Foreign Subsidies Regulation (FSR). This document serves as a valuable supplementary resource to FSR case-law and provides insight into how the Commission will conduct FSR assessments. Although this document is not binding, it may also prove highly beneficial for companies in evaluating and managing FSR risks.What are FSR procedures?The preamble to the FSR states that existing EU instruments do not address distortions caused by foreign aid, prompting the Commission...
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  •  
    01/08/2024
    Ukraine

    Ukraine approves new National Energy and Climate Plan

    On 25 June 2024 the Cabinet of Ministers of Ukraine approved the National Energy and Climate Plan (NEC Plan) for the period up to 2030 as part of Ukraine's effort to achieve EU climate neutrality targets through a national energy climate plan that combines EU initiatives and national policies that reduce greenhouse gas emissions and develop the renewable energy sector.The NEC Plan, a strategic document aimed at harmonising Ukraine's energy and climate policies to ensure sustainable development and economic recovery, was developed as part of Ukraine's obligations within the framework of the Treaty...
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