Herbert Smith Freehills and Transmission Investment examine the construction delay risk of moving to OFTO Build in order to facilitate offshore coordination in transmission

The introduction of coordination between offshore wind generation projects appears to be becoming an imperative to delivering the UK’s aspirations towards Net Zero whilst minimising the impact on affected communities and the environment. However, the current framework for delivery of the offshore transmission network in the UK is not suited to delivering the complexities of … Read more

Global energy crisis explainer: Why it can’t be put on the backburner (podcast)

In this podcast, Paul Butcher, our Director of Public Policy, looks at: the unprecedented nature of the current situation for natural gas, coal and electricity the consequences we are seeing for industry and consumers what caused the crisis, including: the ‘series of unfortunate events’ the surprising consequences of the pandemic and new ways of working … Read more

UK’S ENERGY SUPPLY MARKET – BRIEF EXPLAINER OF THE ROLE OF THE SUPPLIER OF LAST RESORT AS OFGEM ANNOUNCES NEW ACTIONS IN RESPONSE TO THE ENERGY CRISIS

There is an ongoing global energy crisis with record prices for natural gas, coal and electricity. One aspect specific to the UK, particularly for the large number of energy suppliers that have ceased trading this year (21 as of the date of this briefing), is the supplier of last resort mechanism that has kicked in. … Read more

UK’S ENERGY SUPPLY MARKET – BRIEF EXPLAINER OF THE ROLE OF THE DEFAULT TARIFF CAP AS OFGEM ANNOUNCES NEW ACTIONS IN RESPONSE TO THE ENERGY CRISIS

There is an ongoing global energy crisis with record prices for natural gas, coal and electricity. One aspect specific to the UK, including in relation to the large number of electricity suppliers that have ceased trading this year (21 as of the date of this briefing), is the default tariff cap introduced in 2019. Also … Read more

Charging forward – Ofgem’s drive to electrify transport

On Saturday, 4 September 2021, Ofgem (the energy regulator in Great Britain) published its plans to further support the UK’s transition to electric vehicles (EVs) in the deployment of EVs and their integration into the electricity system. Ofgem aims to get the network ready for EVs and ensure there is sufficient network capacity for EV … Read more

The future of lending to the oil and gas sector

Intense, continued focus on sustainability has put pressure on the oil and gas sector to openly demonstrate its efforts to effect change across the environmental, social and governance (ESG) spectrum. The sector is still a  critical one for energy transition, and for ensuring access to energy in developing markets, so it is important that the … Read more