Energy - Renewables & Climate

Recent Articles

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  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...

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  09.03.2023

  United Kingdom

  Con­sulta­tion on In­flex­ible Of­fers Li­cence Con­di­tion (IOLC)

  In its Call for Input (see our previous Law-Now here) on 4 November 2022, Ofgem proposed a number of intervention options to address high balancing costs incurred by NGESO which are ultimately borne by customers. Ofgem’s preference was to introduce a licence condition that would prevent generators obtaining an “excessive benefit” in the Balancing Mechanism in certain circumstances, largely based on the Transmission Constraint Licence Condition (“TCLC”).Following the responses to the Call for Input, Ofgem has decided to press ahead with its initial preference, setting...

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  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”)...

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  06.03.2023

  Germany

  Re­new­able en­er­gies: EU rules for re­new­able hy­dro­gen

  European Commission proposes Delegated Acts to define renewable hydrogen.The two so-called Delegated Acts (DAs) submitted by the Commission on 13 February 2023 serve to implement the requirements of Art. 27 (3) and Art. 25 (2), 28 (5) of the Renewable Energy Directive 2018/2001 (RED II). They are part of the still rudimentary EU legal framework for renewable hydrogen and define the conditions for counting fuels towards the Member States' renewable energy targets.The background for this is the EU's REPowerEU target to produce and import 10 million tons of renewable hydrogen in 2030. According to...

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  16.02.2023

  United Kingdom

  Hytime to cer­ti­fy: UK con­sults on Hy­dro­gen Cer­ti­fic­a­tion Scheme

  On 9 February 2023, the Department for Business, Energy and Industrial Strategy (“BEIS”), and the Department for Energy Security and Net Zero (“DESNZ”) (noting that from 7 February 2023, the relevant functions of BEIS have been transferred to DESNZ) published a consultation (the “Consultation”), outlining the Government’s key proposals for the design, content and delivery of a globally-recognised low carbon hydrogen certification scheme. The overall objective of the low carbon hydrogen certification scheme is to support the decarbonisation of the hydrogen...

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  06.02.2023

  United Kingdom

  Cli­mate-re­lated dis­clos­ures – is your busi­ness aligned with the TCFD re­com­mend­a­tions?

  The Task Force on Climate-related Financial Disclosures recommendations aim to help organisations disclose clear, comparable, and consistent climate-related financial information. They are supported by organisations worldwide and have been implemented in the UK. The recommendations derive from the growing need for comparable climate-related disclosures and increasing regulation in this area. This article, part of our Healthy Horizons guide to doing business responsibly in Life Sciences & Healthcare, outlines how the recommendations are particularly important to Life Sciences & Healthcare...

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