Energy - Water

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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  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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  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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