Emissions trading

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Outline

This subtopic includes the following overarching Practice Notes:

  1. •

    Emissions trading outline—sets out an outline of emissions trading regulation, including the Kyoto Protocol, the Paris Agreement and carbon markets, the EU Emissions Trading System (EU ETS) and the UK Emissions Trading Scheme (UK ETS). It covers requirements for greenhouse gas (GHG) permits under the EU ETS and UK ETS and emissions trading and aviation

  2. •

    Emissions controls and carbon pricing in respect of carbon emissions from UK fossil fuel powered electricity generation—provides a consolidated summary of the key emissions controls that apply to fossil fuel powered electricity generation in the UK. It includes coverage of the Emissions Performance Standard, the closure of existing unabated coal generation, environmental permitting requirements under the Industrial Emissions Directive 2010/75/EU and Environmental Permitting (England and Wales) Regulations 2016, and carbon pricing by virtue of the application of the EU ETS, the UK ETS, the Climate Change Levy’s carbon price support (CPS) mechanism (sometimes referred to as the carbon price floor (CPF)) and the European Commission’s carbon border adjustment mechanism (EU CBAM)

  3. •

    Emissions trading considerations in aviation finance transactions—explains the legislative

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Latest Energy News

Ofgem orders Octopus Energy to pay £1.5m for prepayment meter billing failures

Ofgem has ordered Octopus Energy to pay approximately £1.5m in redress to former prepayment meter customers for failing to issue final bills within six weeks of a supplier transfer or contract termination, as required under Standard Licensing Condition 27.17 (SLC 27.17) of the gas and electricity supply licences. This non-compliance affected 34,494 customers. The total payment comprised £231,000 for refunds of outstanding credit, £1.040m under the Guaranteed Standards of Performance (GSOP) and £212,000 in additional redress. Where it was not possible to trace a customer, Octopus Energy has agreed to make payments to the Energy Industry Voluntary Redress Fund. Octopus Energy has since updated its billing processes and systems to align with SLC 27.17.

NESO opens 'Gate 2 to Whole Queue' evidence submission window

The National Electricity System Operator (NESO) has opened its evidence submission window for the one-off 'Gate 2 to Whole Queue' exercise in relation to the reform of the grid connections process, known as TMO4+. The evidence submission window will run from 8 July 2025–29 July 2025.

DESNZ launches consultation on electricity network infrastructure reforms

The Department for Energy Security and Net Zero (DESNZ) has launched a consultation on proposed reforms to land rights and consents processes for electricity network infrastructure. The reforms aim to accelerate the deployment of future network connections, while ensuring landowners’ rights are protected. This follows a call for evidence held in August–September 2022, which sought feedback on improving current land access, rights and consents processes. The consultation sets out 12 proposed changes, including: (1) extending the standard wayleave term from 15 to 40 years; (2) increasing the permitted development threshold for substations from 29 to 45 m³; (3) shifting tree maintenance responsibilities from landowners to licence holders; (4) revising the criteria for when section 37 consent is required; (5) amending schedule 4 to the Electricity Act 1989 to facilitate the installation of cables in private streets; (6) removing 132 kV wooden pole lines from the nationally significant infrastructure projects (NSIP) regime and increasing the NSIP distance threshold from 2 km to 10 km; and (7) expanding access rights to transmission owners, among others. The consultation closes on 2 September 2025.

DESNZ publishes summary of responses to consultation on regulating TPIs in the retail energy market

The Department for Energy Security and Net Zero (DESNZ) has published a summary of responses to its September 2024 consultation on the regulation of Third-Party Intermediaries (TPIs) in the retail energy market. The consultation received 85 responses from various stakeholders, including energy brokers, price comparison websites, auto-switchers and industry bodies. Respondents expressed strong support for direct regulation of the market to improve transparency, protect consumers and create a more trustworthy and competitive TPIs market. DESNZ intends to issue a full response to the consultation later in 2025.

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