UK REVIEW OF ELECTRICITY MARKET ARRANGEMENTS: STARTING GUN FIRED ON MULTI-YEAR REVOLUTIONARY REFORM?

On 18 July 2022 the Government released a consultation on options for all non-retail electricity markets in Great Britain: the wholesale market, balancing mechanism and ancillary services. Everything is on the table from the most radical to the incremental. Investors and market participants should pay attention. Days after the new Energy Security Bill was introduced … 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