Energy - Conventional Power

Recent Articles

•  

  29.03.2023

  United Kingdom

  Large En­ergy Users – Spring 2023 up­date on en­ergy mar­ket re­forms

  Those who develop, own, operate, manage or occupy sites with large or complex energy needs are being required to engage with the energy sector like never before. This Law-Now continues our series focussing on the energy sector developments of particular relevance from the perspective of those responsible for sites with significant energy needs ("Large Energy Users”).  Among a range of issues, we are seeing the interlinked challenges and opportunities created by net zero commitments; securing and maintaining power capacity; and energy cost are all demanding the attention of those...

  Read more
•  

  16.03.2023

  United Kingdom

  UK Spring Budget 2023: en­ergy and heat sec­tor im­plic­a­tions

  The UK government has made a number of announcements in its Spring Budget.  We have set out below the key measures that will impact the energy and heating sector. The full Spring Budget can be found here.The key announcements of measures in the energy sector are:£20 billion funding for early deployment of Carbon Capture, Usage and Storage (CCUS) projects The UK Government has allocated £20 billion over next two decades towards funding of CCUS (including BECCS) projects. The form that this support will take has not been specified.The Government has restated its support of the preferred...

  Read more
•  

  08.03.2023

  United Kingdom

  Four-year ahead (T-4) Ca­pa­city Mar­ket Auc­tion for 2026-27 de­liv­ery year

  National Grid Electricity System Operator (in its capacity as EMR Delivery Body) published the final results of the T-4 Capacity Auction, relating to the 2026/2027 Delivery Year, on 3 March 2023 (published here). The auction cleared at a record high of £63.00/kW/year, which is almost double the clearing price in last year’s T-4 Auction (£30.59/kW/year).In this article, we consider the CM auction results in detail, together with some industry context and implications.ResultsA total of 43,000MW in Capacity Agreements have been awarded to 542 Capacity Market Units (“CMUs”)...

  Read more
•  

  28.02.2023

  United Kingdom

  North Sea Trans­ition Au­thor­ity - Reg­u­lat­ory Up­date

  It has been two years since the NSTA published its revised Strategy, which focused the oil & gas industry’s attention on its role in working towards ‘net zero’. Since that time, there have been numerous examples of guidance, reports and communications from the NSTA seeking to assist and accelerate the industry’s progress on energy transition in all aspects of activity – from exploration to decommissioning. The NSTA has also continued to advance its regulatory approach and has increasingly used its powers of sanctions. An overview of these key developments can be...

  Read more
•  

  25.01.2023

  Bulgaria

  Bul­garia 2053 en­ergy out­look: re­new­ables, nuc­le­ar and stor­age

  On 23 January 2023, the Bulgarian Ministry of Energy published its Strategic Vision for Sustainable Development of the Energy Sector of the Republic of Bulgaria, which reflects the national priorities and objectives for the development of the energy sector up to 2053 and addresses European policies and goals while considering the local specifics in the field of energy resources, production, transmission, and distribution of energy. Developed by the Ministry through powers granted by the Energy Act, the document establishes the following main strategic priorities aimed at the development of the...

  Read more
•  

  03.01.2023

  Bulgaria

  Bul­garia to in­crease re­new­able en­ergy de­ploy­ment in 2023

  In December 2022, the Bulgarian Ministry of Energy completed public consultations for legislation that amends the Renewable Energy Act and changes the Energy Act, Energy Efficiency Act and the Protection of Agricultural Land Act in line with EU Directive (EC) 2018/2011 of 11 December 2018 on the promotion of the use of energy from renewable sources. This Draft Act increases renewable energy deployment in Bulgaria in 2023 and beyond in the following way: Simplification of grid connection procedures and allowing additional projects to get grid connection contracts The Draft Act simplifies grid-connection...

  Read more