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Brexit legislation tracker

This Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the UK’s withdrawal from the

Deeds

Under English law legally binding agreements can be made orally, in writing or by deed.This Practice Notice considers the circumstances in which a

Energy precedents

IntroductionThis document contains quick links to the precedents found in the Energy module. Where indicated with the term ‘EFP’, these links are to

Contracts for Difference (CfD)—key features

Electricity market reform (EMR)The EMR programme was developed by the government to promote investment in secure forms of capacity and affordable low

Practice notes

Joint operating agreement—key clauses

The joint operating agreement (JOA) has a number of key commercial provisions.ScopeThe scope of the JOA is, generally speaking, to 'establish the...

Produced in partnership with Peter Roberts, Head of Oil & Gas of Orrick 16th Oct

Practice notes

Energy consultations tracker 2019

This Energy consultation tracker tool displays the current status and most recent developments of key consultations conducted by government...

14th Oct

Practice notes

Energy and Brexit—the EU Internal Energy Market and international electricity and gas interconnection regulation and trade

IntroductionThis Practice Note tracks the key publications and announcements made to date in relation to Brexit and the EU Internal Energy Market,...

14th Oct

Brexit

Practice notes

Great Britain energy market—policy and policy implementation horizon scanner

IntroductionThis tracker provides a chronological horizon scanner of the expected future dates of final decisions, implementing measures,...

7th Oct

Practice notes

The Offshore Transmission Owner (OFTO) regime

What are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore...

Produced in partnership with Herbert Smith Freehills 1st Oct

Practice notes

Wind Turbine Supply Agreement

What is a Turbine Supply Agreement (TSA)?The Turbine Supply Agreement (TSA) is a critical component of the contractual framework for a wind farm. This...

26th Sep

Practice notes

Project structure for renewable energy projects

How are renewable energy projects typically structured?Renewable energy projects are often project financed. A special purpose vehicle (SPV) will be...

26th Sep

Practice notes

Decommissioning—decommissioning security agreement

Decommissioning security agreementsOil and gas companies are expected to return the seabed to its original state (subject to certain exceptions) by...

25th Sep

Practice notes

An Introduction to Electricity Licensing in Great Britain

Requirement for a LicenceSection 4 of the Electricity Act 1989 (EA 1989) requires entities undertaking certain activities in the electricity sector to...

25th Sep

Practice notes

Grid connection—key rules

What is a grid connection?A grid connection allows a user to connect to the local network or ‘grid’ so they can receive or produce electricity. A...

25th Sep

Practice notes

Upstream Oil and Gas Agreements on the UKCS

UKCS Petroleum Project LifecycleThe lifecycle of a typical petroleum project on the UKCS can be viewed in the following stages:Each stage of an...

25th Sep

Practice notes

Electricity licensees: street-opening and necessary wayleaves

In order for a new connection to be made, whether to a generator, a home, an office or an entire new development, new network infrastructure will need...

25th Sep

Practice notes

Supplier of last resort—key features

What is the ‘supplier of last resort’?When the Office of Gas and Electricity Markets (Ofgem) revokes a supply licence (usually because of insolvency),...

25th Sep

Practice notes

Key issues in operation and maintenance (O&M) contracts for renewable energy projects

OverviewOperation and maintenance (O&M) of renewable energy projects is a critical component of an effective and successful project. Although capital...

25th Sep

Practice notes

The Great Britain electricity market—an introduction

Brexit impactThis Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU at 11 pm on 31 January 2020 (exit day)....

25th Sep

Practice notes

Renewables Obligation (RO)—key features

What is the Renewables Obligation?The renewables obligation (RO) is intended to support investment in renewable generation projects. It does this by...

25th Sep

Most recent Capacity Market and balancing services content

Practice notes

GB Electricity Balancing Services—the Balancing Mechanism

Brexit impactThis Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU on 11pm on 31 January 2020 (exit day). As...

25th Sep

Practice notes

Capacity Agreements and the rights and obligations of those who win Capacity Market support

Note: on 15 November 2018 payments under the Capacity Market mechanism and future Capacity Market support were suspended. This came as a result of...

25th Sep

Practice notes

Energy Act 2013—snapshot

BackgroundAt the time the Energy Act 2013 came into force, and to an extent to this day, the UK faced real and serious challenges in relation to its...

25th Sep

Practice notes

Gas peaking projects—what are they and what key subsidy/support regimes are available to them?

Author: James Todd. With thanks to David Cruickshank and Jamie DunneIntroductionThe purpose of this Practice Note is to:•introduce the ‘gas peaking’...

26th Sep

Practice notes

Capacity Market—key features

Note: on 15 November 2018 payments under the Capacity Market mechanism and future CM support were suspended. This came as a result of the General...

26th Sep

Practice notes

Gas peaking projects—key project issues relevant to project financing

Author: James Todd. With thanks to David Cruickshank and Jamie DunneIntroductionThe purpose of this note is to discuss key issues which are relevant...

26th Sep

Practice notes

Capacity Market prequalification and auction process

Note: on 15 November 2018 payments under the Capacity Market mechanism and future Capacity Market support were suspended. This came as a result of...

26th Sep

Q&As

Capacity Market Rule 3.7.3 states that ‘Each Applicant for a New Build CMU that is or will be a Transmission CMU must: (i) confirm that one or more Grid Connection Agreements have been entered into which secure Transmission Entry Capacity for the relevant Delivery Years for the Generating Units...’. In order to qualify as ‘secure’ Transmission Entry Capacity, does this require a firm offer of a Grid Connection Agreement?

The Capacity Market RulesThe Capacity Market (CM) was implemented pursuant to powers in the Energy Act 2013 (EA 2013) to ensure there is sufficient...

28th Sep

Q&As

Do the Capacity Market Rules permit changes in ownership of a prequalified Capacity Market Unit (CMU) prior to the point a capacity agreement is awarded in respect of the relevant CMU?

In answering this Q&A, research has been limited to cover the Capacity Market Rules 2014 (CM Rules) (including amendments effective as at today’s...

28th Sep

Q&As

Rule 9.2.7 of the Capacity Market Rules 2014 states that transfers of capacity agreements made under rules 9.2.4(b), (c), or (d) may be to an acceptable transferees who is ‘the same entity as’ the person from whom the transfer of the capacity agreement is being made. What is this wording designed to capture?; the consolidated version of the Electricity Capacity Regulations 2014, SI 2014/2043, have not been updated to include all the amending regulations subsequently made. What is the position with this?

In answering this Q&A we have focussed our research on the Capacity Market Rules 2014 (including amendments effective as at today’s date) (CM Rules)...

28th Sep

Practice notes