Capacity Market definition

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Energy legislation tracker 2025

Energy legislation tracker 2025 This Energy legislation tracker tool displays key upcoming legislation of interest to Energy lawyers from 1 January 2025. Legislation will be displayed in reverse chronological order. Legislation that is only applicable to Wales (Wales Statutory Instruments—Wales SI) will be indicated as such on the tracker. For information on previous legislation trackers, see: • Energy legislation tracker 2024 • Energy legislation tracker 2023 [Archived] • Energy legislation tracker 2022 • Energy legislation tracker 2021 [Archived] • Energy legislation tracker 2020 [Archived] • Energy legislation tracker 2019 [Archived] • Energy legislation tracker 2018 [Archived] • Energy legislation tracker 2017 [Archived] • Energy legislation tracker 2016 [Archived] England and Wales Title Key date Details Brexit-related Environmental Permitting (Electricity Generating Stations) (Amendment) Regulations 2025  28 February 2026–comes into force SI 2025/154: These Regulations are made to amend the Environmental Permitting (England and Wales) Regulations 2016, SI 2016/1154 to introduce a new requirement for new and substantially refurbishing combustion plants to include a ‘decarbonisation readiness report’ as part of their environmental permitting...

Energy legislation tracker 2023 [Archived]

Energy legislation tracker 2023 [Archived] ARCHIVED: This Practice Note has been archived and is not maintained. This Energy legislation tracker tool displays key upcoming legislation of interest to Energy lawyers from 1 January 2023. Legislation will be displayed in reverse chronological order. Legislation that is only applicable to Wales (Wales Statutory Instruments—Wales SI) will be indicated as such on the tracker. Lexis®Library’s: Amendment Highlighter, Timeline and Legislation Menu make it quicker and easier to access and track new legislation that the government intends to pass be it a Bill, Statutory Instruments (SI) or a new Act of Parliament as well as view historic, current and future changes to legislation. For information on previous legislation trackers, see: • Energy legislation tracker 2022 [Archived] • Energy legislation tracker 2021 [Archived] • Energy legislation tracker 2020 [Archived] • Energy legislation tracker 2019 • Energy legislation tracker 2018 [Archived] • Energy legislation tracker 2017 [Archived] • Energy legislation tracker 2016 [Archived] England and Wales Title Key date Details Brexit-related Offshore Petroleum Licensing Bill Date TBA A Bill to...

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Project lawyers’ completion documents list—waste to energy projects (merchant)—template

Project lawyers’ completion documents list—waste to energy projects (merchant)—template PROJECT DETAILS PROJECT NAME: [insert name of project] CLIENT: [insert name of client] [Insert name of firm] PROJECT LEAD: [insert name of client/lead partner] PROJECT PARTIES PROJECT PARTY DETAILS Account Bank(s) [insert name of Account Bank] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Account Bank] Agent [insert name of Agent] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Agent] Architect [insert name of Architect] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Architect] Arrangers [insert name of Arrangers] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Arrangers] Construction Contractor [insert name of Construction Contractor] (Company Registration No. [insert number]) whose registered office is at [insert registered office of Construction Contractor] Construction Contractor Parent Company [insert name of Construction Contractor Parent Company] (Company Registration No. [insert number]) whose registered office is at...

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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?

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 date) and the provisions of the electricity and any relevant provisions of the Electricity Capacity Regulations 2014 (as amended) (CM Regulations). See here for the CM Rules: Capacity Market Rules and here for the CM Regulations: Electricity Capacity Regulations 2014, SI 2014/2043. We have also reviewed the National Grid (NG) Capacity Market Auction User Guides, Auction Guidelines, and Capacity Auction Bidding Company and Authorised Individual Management Guidelines (all available through the NG EMR Delivery Body webpage), in respect of recent auctions, along with current and historic Capacity Market ‘FAQ’ documents issued by government (August/December 2014 and November 2016). The CM Rules and CM Regulations do not appear to allow for a CMU...

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?

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) and the provisions of the Electricity Capacity Regulations 2014, SI 2014/2043 (as amended) (CM Regulations, SI 2014/2043). From our review of the consultations and guidance published by government, National Grid, Ofgem and the CM Settlement Body we cannot see a specific explanation given for the rationale behind the provision at CM Rules, r 9.2.7. Subject to the caveat in...

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Energy weekly highlights—19 June 2025

This week's edition of Energy weekly highlights includes: a News Analysis on key Energy and Environment announcements from the Spending Review 2025. We also cover several announcements from Ofgem including, (1) its decision on five Capacity Market (CM) rule change proposals—CP371, CP376, CP377, CP378, CP381—following its January 2025 consultation; (2) a consultation on draft Regulatory Instructions and Guidance for the Successor Licensee of the Data Communications Company (DCC); (3) approval of Change Request CR061 for the Market-wide Half-Hourly Settlement (MHHS) programme; and (4) updated guidance on gas and electricity licence applications, following its April 2025 consultation. In addition this week, the UK Industrial Fusion Solutions (UKIFS) has announced an additional £2.5bn in funding for the Spherical Tokamak for Energy Production programme, aimed at developing the world's first prototype nuclear fusion power plant, and the Department for Energy Security and Net Zero (DESNZ) has announced: (1) a £500m investment to develop the UK's first regional hydrogen transport and storage network and (2) a £1bn public-private investment for offshore wind supply chains.

Ofgem publishes decision on Capacity Market rule change proposals

Ofgem has published its decision on five Capacity Market (CM) rule change proposals—CP371, CP376, CP377, CP378, CP381—following its January 2025 consultation. Ofgem approved three proposals with no or only minor alterations: CP376 (Clarifying Restrictions on the Role of Agent); CP377 (Increasing Flexibility for Satisfactory Performance Day Portfolios) and CP381 (Change to the definition of Station Connection Entry Capacity in Rule 3.5.5). It also approved CP371 (Protection from Very Late Network Connections) with significant alterations, and rejected CP378 (Removing 50MW Limit on Individual CM Units in a Portfolio). The approved changes will take effect once laid before Parliament, ahead of the 2025 Prequalification Window.