Energy weekly highlights—26 June 2025
This week's edition of Energy weekly highlights includes: News Analysis on the Court of Appeal's judicial review decision to dismiss an appeal of the Secretary of State (SoS)'s decision to grant permission for a gas power station with carbon capture and storage at Teeside, a News Analysis on the Supreme Court's decision to dismiss Dolphin Drilling's appeal, clarifying tax rules for oil contractors and ruling that the hire cap on tax deductions should apply to the Borgsten Dolphin vessel. In addition this week, we cover The Department for Business and Trade (DBT) publication of the UK’s Modern Industrial Strategy 2025, the publication of the Infrastructure Strategy by HM Treasury in partnership with the National Infrastructure and Service Transformation Authority (NISTA), as well as several announcements from Ofgem including, (1) approval of proposed amendments to the terms and conditions related to electricity balancing for dynamic response services, submitted by the National Energy System Operator (NESO) on 25 April 2025, (2) a consultation on the proposed financial framework for Long Duration Electricity Storage (LDES) projects under Window 1 of the cap and floor regime, and (3) new Regulatory Instructions and Guidance (RIGs) for carbon dioxide transport and storage licensees. Further this week, the International Energy Agency (IEA) has launched a new Energy and AI Observatory to monitor and analyse the growing interconnections between artificial intelligence (AI) and the energy sector, which is noted to be a first-of-its-kind platform and the Department for Energy Security and Net Zero (DESNZ) has published updated supplementary environmental impact assessment (EIA) guidance on assessing the climate effects of scope 3 emissions from offshore oil and gas projects.
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