Commercial clauses for energy lawyers

Overview

This is an overview of the key content to be found in our Energy subtopic: Commercial clauses for energy lawyers. It briefly explains the nature of this content and provides links to it.

Practice Notes

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Drafting an effective price review clause provides some practical tips on how to how to draft an effective price review clause. The Practice Note explains what a price review clause is, its typical structure, the sort of circumstances which may constitute trigger events allowing a party to initiate the price review, the process for adjusting the price, key relevant case law and some examples of price review clauses
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Energy precedents contains quick links to the precedents found in the Energy module. Where indicated, these links to Energy precedents are to content from the Encyclopedia of Forms and Precedents available to Lexis®Library subscribers
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Force majeure and frustration in offshore oil and gas drilling, decommissioning and service contracts in response to a significant market disruption provides guidance to offshore oil and gas industry participants who seek to rely on force majeure or frustration relief in relation to their offshore

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Latest Energy News

Secretary of State approves nuclear justification for Rolls-Royce small modular reactor

The Department for Environment, Food & Rural Affairs (Defra) has announced that the Secretary of State for Environment, Food and Rural Affairs, Emma Reynolds, has approved nuclear justification for the Rolls-Royce small modular reactor (SMR) designed by Rolls-Royce SMR Ltd under the Justification of Practices Involving Ionising Radiation Regulations 2004, SI 2004/1769. The decision determines that the class or type of practice represented by the Rolls-Royce SMR technology is justified, as the expected benefits outweigh the potential health detriments and other associated risks. In particular, the decision cites socio-economic advantages manageable waste streams, acceptable environmental impacts and low safety and security risks. In reaching the decision, the Secretary of State considered the application submitted by the Nuclear Industry Association, responses to Defra’s December 2025 consultation and advice from statutory consultees.

DESNZ announces accelerated measures to boost UK energy security

The Department for Energy Security and Net Zero (DESNZ) has announced a package of measures aimed at strengthening and accelerating efforts to improve national energy security in response to events in the Middle East. DESNZ has confirmed that the UK will introduce ‘plug-in solar’ for the first time in the UK. DESNZ intends to bring forward the next annual renewables auction to July 2026 and confirmed that the government will implement the recommendations of the Fingleton Review to help accelerate the construction of nuclear power stations. It also confirmed that it has taken steps to protect consumers by working with the Competition and Markets Authority (CMA) to prevent unfair practices, such as price gouging.

Ofgem launches call for input on draft LDES licence conditions

Ofgem has launched a call for input on draft special licence conditions for long-duration electricity storage (LDES) projects under the cap-and-floor scheme, seeking stakeholder views ahead of a statutory consultation expected in summer 2026. The proposed conditions would be implemented through modifications to the standard electricity generation licence and are intended to establish the operational framework for LDES projects awarded support under the regime. The draft addresses areas including revenue calculation methodologies, availability requirements, treatment of construction cost overruns, financial resilience provisions, and governance of the cap-and-floor financial models. Ofgem states that it is particularly seeking views on key policy areas such as the approach to setting floor levels, the treatment of market-related costs and optimiser fees, availability requirements for storage assets, and controls on structured transactions and revenue maximisation. Ofgem is also seeking evidence on developing policy issues, including obligations during system stress events, cybersecurity expectations, governance of algorithmic optimisation, and the potential consumer impacts of repetitive re-trading in electricity markets. The call for input closes on 20 April 2026.

DESNZ launches industry engagement for new Hydrogen Network Code development

The Department for Energy Security and Net Zero (DESNZ) has announced the commencement of industry engagement on the development of a new Hydrogen Network Code (the Code) for hydrogen pipeline networks. Network codes are legal documents forming the basis of arrangements between network owners and users. As set out in the government’s response to the Hydrogen Economic Regulatory Frameworks Consultation, government will lead the development of the Code in partnership with industry and in close collaboration with Ofgem and other relevant stakeholders. DESNZ will host an introductory webinar in April 2026 to outline its proposed engagement approach and the process for developing the first issue of the Code. Industry engagement will take place at two levels: (1) a Code Engagement Forum, open to all Code-relevant stakeholders and intended to provide periodic updates on Code development; and (2) a smaller Code Advisory Group, comprising representatives of interests across hydrogen pipeline networks, with membership determined via an Expression of Interest (EOI) process to be launched during the webinar. The engagement is expected to be relevant to prospective hydrogen producers, transporters, storage providers and offtakers, including industrial users and hydrogen-to-power plants, as well as trade bodies, with further details on selection criteria and Terms of Reference to be provided at the first session.