Energy - Power

Recent Articles

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  25/10/2024

  United Kingdom

  The Capacity Market phase 2 consultation: Further policy updates from government

  Background  To strengthen security of supply and accelerate investment in low carbon technologies, the UK government consulted on proposed reforms to the GB Capacity Market regime (the “CM Regime”) (see our previous commentary here). In July 2023, the Department for Energy Security & Net Zero (“DESNZ”) published a summary of the responses (“Phase 1 Consultation Response”) to the Consultation. A subsequent Phase 2 consultation ran in late 2023 to consult on alignment with the government’s net zero goals and set out the call for evidence...

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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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  03/10/2024

  United Kingdom

  Tenders Regulations for Early Competition: another piece of the jigsaw

  Ofgem have published a consultation on their proposed Electricity (Early-Model Competitive Tenders for Onshore Transmission Licences) Regulations 2024 which are aimed at promoting Early Competition in onshore transmission.We have previously written about the Early Competition model, commenting on the Regulations introduced earlier this year to establish the criteria that onshore electricity transmission projects must meet in order to be eligible for Early Competition here. Those Regulations came into force on 12 March 2024. The latest draft Electricity (Early-Model Competitive Tenders...

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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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  22/08/2024

  Bulgaria

  Bulgaria opens EU-funded 3000 MWh stand-alone battery storage facility tender

  On 21 August 2024, the Bulgarian Ministry of Energy opened a tender procedure for National infrastructure for storage of renewable energy (RESTORE) for granting stand-alone battery energy storage system (BESS) tender funded under the EU’s Recovery Resilience Facility (the “Procedure”).The deadline for submitting applications will be 17:00 on 21 November 2024. Bids must be submitted electronically only.The Procedure aims to provide funding for the construction and implementation of at leasta 3000 MWh stand-alone battery storage facility. The total amount of the grant that can be...

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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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