Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Energy law weekly update: UK Spring Budget 2024 measures, CCUS T&S regime, CfD/RO/FiT reliefs, electricity code modifications, EU REMIT update, WEEE costs, consultations, trackers, key dates

Published on: 07 March 2024

Published by a LexisNexis Energy expert
Legal News
imgtext
Article summary

In this issue:

  • Key developments and materials
  • Electricity and gas market regulation and licensing
  • Renewable energy
  • Air emissions, efficiency, and climate change
  • International energy
  • LexTalk®Energy: a Lexis®Nexis community
  • Daily and weekly news alerts
  • New and updated content
  • Dates for your diary
  • Trackers
  • Key developments and materials

Spring Budget 2024—Key Energy and Environment Announcements

During the Spring Budget 2024 on 6 March 2024, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, set out extra investment for the Green Industries Growth Accelerator, alongside support for automotive and aerospace innovation. He also confirmed plans to prolong the Energy Profits Levy, introduced oversight of Environmental, Social and Governance (ESG) ratings providers, and outlined parameters for Contracts for Difference Allocation Round 6. Further remarks covered the Carbon Border Adjustment Mechanism, the government’s ambitions for civil nuclear, and streamlining of planning and grid connection arrangements. Commentary on these measures is provided by Andrew Todd, partner at Eversheds Sutherland, and by CW Energy LLP. See: LNB News 06/03/2024 117...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow