Jurisdiction(s):
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Key definition

EC definition

What does EC mean? In legal practice, “EC” is used as shorthand for two distinct concepts: 1. European Commission: The executive arm of the European Union. While “EC” is not a defined statutory term, the Commission is established by the EU Treaties. UK and Irish lawyers encounter “EC” in EU law and competition law materials, case citations, merger control decisions, and references to pre‑Lisbon instruments titled “Regulation (EC) No …”. Post‑Brexit, the term persists in retained EU law, parallel UK/EU investigations, and cross‑border regulatory matters. 2. Emergency controller: A role title found in emergency planning and health and safety practice (for example, COMAH sites, construction...

Financing gas peaker projects in Great Britain: property and planning, grid and gas connections, Capacity Market, PPAs, O&M, and due diligence considerations

Published by a LexisNexis Energy expert

Practice notes

Author: James Todd, with thanks to David Cruickshank and Jamie Dunne.

Introduction

This Practice Note sets out the principal considerations connected to the project financing of gas peaking generation schemes (often called ‘gas peakers’). It concentrates on approaches to secure dependable income for these projects and to minimise liabilities while maximising cost transparency.

It does not, in the main, cover more standard contractual positions, although these remain relevant and should be evaluated by legal advisers where appropriate, such as:

seeking security from counterparties
assignment in security
drafting funder direct agreements
collateral warranties

For an overview of the key documents used in project financing, see Practice Note: Project finance—key finance documents. Although written with project finance specifically in mind, many of the issues highlighted will also be pertinent when undertaking due diligence on equity transactions. For further detail on the nature of ‘gas peaking’ projects and the main forms of subsidy/support available to them, this Practice Note should be read alongside Practice Note: Gas peaking projects—what...

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Web page updated on 21/05/2026

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