Energy (all)

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 Given that feed in tariffs are an outdated tool, contracts for guarantees were introduced.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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  09/04/2024

  United Kingdom

  Core fuel sector resilience in the UK: the role of Part 12 of the Energy Act 2023

  On 11 January 2024, a new set of requirements came into force, focussed on the downstream transport fuel industry, and designed to ensure core fuel sector resilience in the UK, in particular that (i) economic activity in the UK is not adversely affected by disruptions to core fuel sector activities; and (ii) the risk of emergencies affecting fuel supplies is reduced. It is important that those companies falling within the scope of the new requirements carefully ensure compliance, since failure to do so may attract criminal sanctions.The new requirements are contained in Part 12 (sections 267 to...

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  08/04/2024

  Ukraine

  Ukraine discontinues War and Sanctions Portal

  Following a governmental discussion on 19 March 2024, the Ukrainian government announced its decision to shut down a sanctions-related database maintained by the National Agency on Corruption Prevention (NACP).This database, the “War & Sanction Portal”, was created in the first days of Russia's full-scale invasion of Ukraine as part of the implementation of the sanctions plan against Russia (i.e. the Individual Sanctions Roadmap) of the Yermak-McFaul Sanctions Group.Starting with the "International Sponsors of War" section, the Portal was expanded to include additional segments...

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  03/04/2024

  Bulgaria

  Bulgaria supports wind and storage projects with New Grid Connection Ordinance

  Following the recent legislative amendments in the Energy Act and the Energy from Renewable Sources Act of 2023 and 2024, the Energy and Water Regulatory Commission adopted a new Ordinance No. 6 on the connection of energy sites to the grids of 28 March 2024 (the “New Ordinance”).The changes in the New Ordinance mainly relate to: (i) introduction of new rules for grid connection rules of storage facilities; (ii) amendments of the current grid connection procedure for RES producers such as securing a grid connection opinion solely on the grounds of in rem rights, removal of the firm...

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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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