Energy - Power

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Recent Articles

  •  
    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...
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  •  
    18.01.2023
    United Kingdom

    Ac­cel­er­at­ing on­shore elec­tri­city trans­mis­sion in­vest­ment: a step for­ward for low car­bon gen­er­a­tion

    Ofgem has published its decision on accelerating onshore electricity transmission investment (the “Decision”), which follows the consultation in which Ofgem sought views on its proposals to support the Government’s Energy Security Strategy (“ESS”). The ESS (which we commented on here) sets out ambitious targets for low carbon generation, including connection of up to 50GW of offshore wind capacity by 2030. The Decision makes clear that the existing onshore electricity transmission network cannot support the Government’s ambitious growth targets. As such, it...
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  •  
    18.01.2023
    Bulgaria

    Bul­garia to de­vel­op elec­tri­city stor­age to en­hance de­vel­op­ment of re­new­ables sec­tor

    Early 2023 the Bulgarian parliament introduced legislative amendments to enhance the development of the renewables sector. By means of amendments and supplementations in the Energy Act (EA), three major steps were undertaken: the minimum power generation installed capacity (subject to licensing) was increased from 5 MW to more than 20 MW installed capacity; the initial legal framework for electricity storage was introduced; guarantees of origin in the exchange market was introduced. Licensing regime for power plants with installed capacity 20 MW or more As a result of the introduced amendments,...
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  •  
    16.01.2023
    England and Wales

    The Ca­pa­city Mar­ket: What next?

    Introduction Since it was introduced in 2014, the GB Capacity Market regime (the “CM Regime”) has served as a key tool for the UK government to ensure that there is a reliable electricity supply in order to meet peak demands while also safeguarding against shortfalls faced by intermittent energy sources. Security and consistency of energy supply has become an increasingly pertinent political issue in light of on-going threats to long-term gas supplies across Europe following Russia's invasion of Ukraine. With this in mind, the Department for Business, Energy & Industrial Strategy...
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  •  
    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...
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  •  
    03.01.2023
    Bulgaria

    Bul­garia im­ple­ments EU reg­u­la­tion on in­ter­ven­tion to ad­dress high en­ergy prices

    Bulgaria has implemented Council Regulation (EU) 2022/1854 of 6 October 2022 on emergency intervention to address high energy prices through amendments to &8 and &9 of the Law for the 2023 Bulgarian state budget, which was published on 30 December 2022 (https://dv.parliament.bg/DVWeb/showMaterialDV.jsp?idMat=182628). Below is a summary of the amendments to this law: The changes affect all renewable energy producers with installed capacity exceeding 1 MW. The changes apply for the period between 1 December 2022 and 31 June 2023. The amount of the contribution to the state budget will be...
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