The following Energy practice note provides comprehensive and up to date legal information covering:
The EMR programme was developed by the government to promote investment in secure forms of capacity and affordable low carbon energy generation.
The key mechanisms used to implement EMR were:
the Contracts for Difference (CfD) regime, which takes the form of a contract (CfD contract) guaranteeing owners of new build low carbon generation projects a long term stable income in respect of the electricity they generate when their plant has been built and begins operating
the Capacity Market (CM) regime, which provides a regular payment/retainer to reliable forms of electricity capacity (in the form of generation plant, electricity storage (such as batteries), reduction in electricity demand and international interconnection wires), in return for such capacity being available when the system needs that boost. See Practice Note: Capacity Market—key features
the Carbon Price Floor, implemented to support the EU Emissions Trading System (EU ETS) (see Practice Note: Emissions controls and carbon pricing in respect of carbon emissions from UK fossil fuel powered electricity generation).The UK’s Carbon Price Floor was introduced to work in conjunction with the EU ETS scheme by underpinning the price of carbon at a level that drives low carbon investment
the Emissions Performance Standard, a duty imposed on the operator of a ‘fossil fuel plant’ consented (or undergoing certain extensions) on or after 18 February 2014; the duty is to
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The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
There may be times when, rather than assigning the benefit of an agreement to a third party, the original parties wish instead to end their obligations to each other under that agreement and, in effect, recreate it, with the third party stepping into the shoes of one of the original parties. This is
This practice note provides an introduction to tort law by addressing three questions:•what does the concept of being liable in tort mean? And how does tort relate to contract and criminal law•how has the law of tort developed?•what is the scope of tort, ie what interests does it protect? What
This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
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