Energy - Power

Recent Articles

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  24/04/2024

  Bulgaria

  Bulgaria considers introducing Contracts for Difference

  Currently, Bulgaria is among a small number of EU member states that lacks the concept of contracts for difference (CfD). So far, the country had a feed in tariff as a mechanism to subsidise renewable energy producers who meet legislative requirements. Given that feed in tariffs are an outdated tool, contracts for guarantees were introduced.  Having in mind, the current realities of the renewable energy market, including anticipated offshore renewable energy projects, Bulgarian lawmakers came to the conclusion that the country needs CfDs to:Secure the viability of a project;Monitor the...

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  23/04/2024

  Bulgaria

  Bulgaria passes Ordinance offering international trade with guarantees of origin

  Following the development of the EU legislation and reflecting market needs and increasing interest in trading with guarantees of origin, the Bulgaria’s Ministry of Energy adopted new Ordinance No. Е-РД-04-2 of 2 April 2024 on guarantees of origin of energy from renewable sources. The new Ordinance was promulgated in State Gazette No. 32 on 9 April 2024.This new Ordinance repeals Ordinance No. РД-16-1117 of 14.10.2011, which until now regulated the conditions and procedure for creating, maintaining, and using a system for issuing guarantees of origin.By definition,...

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  17/04/2024

  Scotland

  Bioenergy in Scotland – Scottish Government’s Draft Policy Statement focusses on sustainability and resilience

  IntroductionThe Scottish Government (“SG”) has launched a consultation on its draft Bioenergy Policy (the “SG Bioenergy Policy”), with responses to be submitted by 12th June 2024. This article provides a brief overview of the SG Bioenergy Policy’s main features and how it compares with its counterpart, the “Biomass Policy Statement” which was published by the UK Government in November 2021, subsequently laying the foundation for the Biomass Strategy released in 2023.BackgroundThe draft SG Bioenergy Policy sets out the role SG envisages bioenergy playing...

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  03/04/2024

  Ukraine

  Register of Damage for Ukraine is open for claims submission

  On 2 April 2024, the Register of Damage for Ukraine opened the claims submission process for compensation for damage, loss or injury caused by Russian aggression against Ukraine. The launch took place as part of the Ministerial Conference "Restoring Justice for Ukraine" co-hosted by the Netherlands, Ukraine and the European Commission at the World Forum in The Hague.As a reminder, the official website of the Register of Damage for Ukraine was launched on 4 March 2024. The website contains the following:documents governing the work of the Register;answers to frequently asked questions on the Register’s...

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  27/03/2024

  United Kingdom

  REMAking the GB Electricity Market – new consultation published

  On 12 March 2024, the Department for Energy Security and Net Zero (“DESNZ”) published the long awaited second consultation wide-range of reforms that the UK Government has proposed to make to the GB electricity market through the Review of Electricity Market Arrangements (“REMA”)(the “Consultation”).This follows the first consultation (the “First REMA Consultation”) published in July 2022 (which we reported on here). The summary of responses for the First REMA Consultation highlighted a general consensus among respondents regarding the necessity for...

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  13/03/2024

  International

  After EU Commission's first decision on Carbon Contracts for Difference, Germany initiates bidding of EUR 4bn

  The European Commission approved the first Carbon Contracts for Difference (CCfD) scheme under the new Guidelines on State aid for climate, environmental protection and energy 2022 (CEEAG).Following the Commission's decision, on 12 March 2024 the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) initiated the first bidding process with a total volume of EUR 4bn. With this funding scheme, Germany is taking a pioneering role in Europe and internationally in the field of state aid for climate protection. Concept of contracts for differenceA contract for difference entitles...

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