Energía renovable clima

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  30.03.2023

  Europe

  EU re­fo­rm of ele­c­t­ri­ci­ty ma­r­ket de­si­gn: The Co­m­mi­s­sio­n's pro­po­sed re­fo­rm of the RE­MIT Fra­me­wo­rk

  On 14 March 2023, the European Commission (“Commission”) published its legislative proposals to reform the EU electricity market in a two-fold way:by amending Regulation (EU) No 1227/2011 of the European Parliament and of the Council (REMIT) to enhance the toolbox available to monitor and enforce market integrity and transparency (“REMIT Proposal”), andby amending the Regulation (EU) 2019/943 (Electricity Regulation) and Directives Nos (EU) 2018/2001 (RED II) and (EU) 2019/944 (Electricity Directive) to reform the electricity market design rules.In this first article of...

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  29.03.2023

  Europe

  Of­f­sho­re Wi­nd in No­r­way – Fi­r­st Rou­nd An­nou­n­ced

  Live-streaming from an electrical, carbon fibre catamaran, Norwegian Prime Minister Jonas Gahr Støre and Minister of Petroleum & Energy Terje Aasland announced today the long awaited first tender process for offshore wind. This first round, catering for approximately 3 GW of offshore wind, is the first step towards the Norwegian government's long-term ambition to allocate areas for 30 GW offshore wind by 2040.A number of offshore wind consortia have been established in anticipation of this first round and we expect to see fierce competition over the four project areas up for award. The...

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  29.03.2023

  Reino Unido

  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...

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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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