Energy Prices Act 2022—need for secondary legislation

Energy analysis: The Energy Prices Act (the Act), introduced as a Bill to Parliament on 12 October 2022, was passed into law on 25 October 2022. Originally introduced as part of the former Prime Minister, Liz Truss’s, mini-budget, this emergency legislation includes a series of measures addressing the current energy crisis. This analysis was first … Read more

RIDERS ON THE STORM – UK AND EU RAMP UP ENERGY CRISIS RESPONSES AS WINTER LOOMS

On her third day as Prime Minister, Liz Truss announced an unprecedented £150 billion support package for households and business alongside emergency electricity market interventions which will feed into a more fundamental ongoing review. The EU also announced radical proposals. We take a look at these and consider what next. Our full article is available here. … Read more

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

The post below was first published on our Energy notes and Infrastructure notes blogs 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 … Read more

UK Energy Security Bill introduced amid political turmoil has wide-ranging implications for the energy sector

The post below was first published on our Energy notes and Infrastructure notes blogs On 6 July 2022, a day of significant political uncertainty, the Government published its long-awaited Energy Security Bill. Notwithstanding the current political turmoil, this is expected to survive to become the most wide-ranging legislative reform of the UK’s energy market for … Read more

Door left ajar for fracking? Kwarteng orders BGS to reconsider the evidence

The post below was first published on our Energy and Infrastructure Consenting Blog. In a surprise move yesterday which has received relatively little press, Business Secretary, Kwasi Kwarteng, wrote to the British Geological Society giving them 3 months to produce a report setting out whether shale gas can be extracted safely in the UK using … Read more