Energy Markets

Shepherd and Wedderburn has a leading reputation in all aspects of retail and wholesale markets.  It advises on regulatory and contractual matters in retail and wholesale markets in the United Kingdom and abroad.  It has advised on the introduction of all major reforms to the trading and settlement systems in Great Britain since privatisation.  Its clients include regulators and industry participants.

Our expertise covers the full spectrum of industry operations, from fundraising and corporate finance to power station development and the intricacies of cross-border trading and energy settlement systems. We also help our clients deal with all manner of contracts, governance and litigation.

"They were very familiar with the key issues for us and they were very quick to respond, very proactive; it is easy to get them on the phone or on e-mail and they were also good at offering solutions to problems."
– Chambers, Energy & Natural Resources

"Extremely impressive, absolutely top-class!" – Chambers, Energy & Natural Resources


Advising ScottishPower on the wholesale trading arrangements which preceded BETTA in Scotland and in Great Britain (NETA) and then on the introduction of BETTA.
BETTA trading - Various
Advising various parties on the BETTA trading arrangements in Great Britain, including on matters arising under the Balancing and Settlement Code (BSC), such as disputes between code parties and modification of code provisions.
Renewable Generators - Various
Advising various parties, including renewable generators, on current and proposed arrangements for supporting the participation of renewable generators in the electricity wholesale market in Great Britain.
Electricity Market Reform (Great Britain)
Acting for various parties in relation to the replacement of the current arrangements for participation of renewable and low carbon generators in the GB wholesale market with those under the new Electricity Market Reform (EMR) regime (together with the proposed capacity mechanism) coming into effect in 2017.
Single Electricity Market Committee (Ireland)
Acting for the Single Electricity Market Committee as sole legal advisers to the SEM Committee (established between the Commission for Energy Regulation and Northern Ireland Authority for Utility Regulation) on various aspects of their work in regulating the electricity wholesale market on the island of Ireland.