The Government's Energy Bill, delivered on 29 November 2012, sets out a road map for the UK's electricity industry. The Bill seeks to provide the legislative framework to encourage low-carbon generation and ensure security of supply by putting in put in place the building blocks of Electricity Market Reform (EMR).
The Bill requires careful review. The Bill can be amended in Parliament. There is a potentially difficult legislative process to follow through Parliament. It will be essential to ensure that investor confidence is retained during the process. Critical decisions still have to be taken: e.g. the 'strike prices' for nuclear and renewables. 'Strike prices' are absolutely central to any decision to invest. The Bill can be amended in Parliament.
We will provide an update on current status and issues that have arisen to date on the legislation. We are delighted to be joined by industry speakers.
This session will be of interest to in-house counsel and commercial teams in the energy sector, and those involved in financing energy projects.
James Saunders, Partner
John Grady, Associate
Suzanna Wolstenholme, Assistant