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Ofgem has opened a consultation seeking views on its draft Supply Chain Security Guidance for the Downstream Gas and Electricity (DGE) sector. The...
The Department for Energy Security and Net Zero (DESNZ) has published its proposed level for the Seventh Carbon Budget (CB7), setting a limit of 535...
Offshore Energies UK (OEUK) has published a report ‘An Integrated and Resilient North Sea’. It examines how the North Sea could develop into a...
The Low Carbon Contracts Company (LCCC) has clarified that where the National Energy System Operator’s (NESO) Grid Connection Reform programme causes...
An introduction to EU law and competition law issues for take-or-pay clauses in energy contractsThis Practice Note introduces take-or-pay clauses in...
Production Sharing ContractsIntroductionA production sharing contract (PSC) is a contractual relationship between a host government and a private...
The Offshore Transmission Owner (OFTO) regimeWhat are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which...
Power purchase agreements (PPAs)—key terms and issuesWhat is a power purchase agreement?A power purchase agreement (PPA) is a contract between an...
An introduction to tolling agreements in the LNG sectorIntroductionThe business model underpinning a liquefied natural gas (LNG) project is of fundamental importance since this will determine the risk profile of the project as a whole and consequently, the type of financing that will be required.
Production Sharing ContractsIntroductionA production sharing contract (PSC) is a contractual relationship between a host government and a private sector participant (‘investor’) whereby the government contracts with the investor to carry out oil and gas exploration and production activities (E&P
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
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