Main novelties of Law Decree No. 17/2022 (D.L. Energia) on the energy sector

Law 27 April 2022, No. 34[1] converted with amendments Law Decree 1st March 2022, No. 17 concerning “Urgent measures to contain the cost of electricity and natural gas, develop renewables and relaunch industrial policies“, converted into (the “Decree“). The Decree, as amended, provides measures aiming both at increasing the energy production from renewable sources and simplifying the … Read more

Winds of change: an update on Australia’s offshore wind industry

Australia has made significant strides in its offshore wind industry in recent weeks, with the regulatory regime expected to commence on 2 June 2022. Victoria has announced Australia’s first offshore wind energy targets, and the Commonwealth Government released the exposure draft of the Offshore Electricity Infrastructure Regulations 2022 for public comment. These are important steps … Read more

Landmark North Sea Transition Deal with the UK oil and gas sector announced

The UK Government has today (24 March 2021) announced its commitment to the landmark North Sea Transition Deal with the UK oil and gas sector. The deal provides a blueprint for Government and sector cooperation to decarbonise North Sea production in line with the Government’s net zero agenda. The Government’s announcement that future licensing rounds … Read more

Key TCA issues for the energy sector

The EU-UK Trade and Cooperation Agreement (“TCA“) establishes objectives for the energy market by providing for the facilitation of trade and investment between the EU and the UK (the “parties”) in the areas of energy and raw materials, and supporting security of supply and environmental sustainability, notably in contributing to the fight against climate change … Read more

Offshore wind – point 1 of the UK Government’s Ten Point Plan

The government’s recently announced “Ten Point Plan” reaffirms previously pledged support for the offshore wind industry, while introducing further supply chain requirements in the Contract for Difference (CfD) and trailing future updates to onshore and offshore network strategies. In November, the UK government announced a £12 billion “Ten Point Plan” to lead a “Green Industrial … Read more

Contracts for Difference (CfD) Scheme consultation updates

BEIS has published its response to a consultation which ran from 2 March to 29 May 2020 on proposed changes to the CfD scheme. CfDs incentivise investment in renewables by providing generators with protection from volatility in wholesale prices, as well as protecting consumers from paying increased support costs when electricity prices are high. BEIS … Read more

UK Government announces plan for a Green Industrial Revolution

Today the Prime Minister Boris Johnson has set out the Government’s ten point plan for what it is calling the green industrial revolution. This is part of the blueprint for the UK to meet the legally-binding target to produce net zero carbon emissions by 2050. The ten points of the plan are: Offshore wind – … Read more