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Energy weekly highlights—4 March 2021

Energy weekly highlights—4 March 2021
Published on: 04 March 2021
Published by: LexisPSL
  • Energy weekly highlights—4 March 2021
  • In this issue:
  • Key developments and materials
  • Spring Budget 2021—'Build Back Better'
  • Spring Budget 2021—key energy announcements
  • Recent energy sector M&A activity and outlook for the rest of 2021
  • Coronavirus (COVID-19)
  • Ofgem seeks input on changing the default tariff cap amid coronavirus (COVID-19)
  • Brexit
  • Nuclear Safeguards (Fissionable Material and Relevant International Agreements) (EU Exit) (Amendment) Regulations 2021
  • More...

Article summary

This week's edition of Energy weekly highlights includes the key announcements from the Spring Budget 2021 of relevance to energy lawyers and a News Analysis on energy sector M&A activity over the last year and what we can expect for the sector in 2021. This week we have also seen announcements from Ofgem relating to new consultations on changing the default tariff cap due to COVID-19 and modifying electricity interconnector licences, as well as a decision by the National Grid to challenge part of Ofgem’s ​RIIO-2 Final Determination to the CMA. In addition, BEIS has published guidance on funding for floating offshore wind, bioenergy and energy storage and flexibility, launched the Net Zero Innovation Portfolio to fund low-carbon projects and opened a consultation on the closure of the domestic RHI, the ENA has published a standard flexibility contract for the sector, ICE has announced the provisional date for the first UK ETS auction and the OGA published its 2021 Overview Report. or take a trial to read the full analysis.

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