Raising integrity voluntarily: The UK’s carbon and nature markets consultation
23 April 2025
Insight Hub
17 April 2025
On 15 April 2025, Ofgem published its decision to approve the Target Model Option 4+ (“TM04+”) package of reforms to the UK’s electricity grid connection regime. This decision marks a significant step forward in the country’s efforts to accelerate decarbonisation and achieve its target of 95% carbon-free electricity by 2030. The TM04+ reforms directly respond…
Read more10 April 2025
24 February 2025
Heat Network Business Rates Relief provides a full exemption from business rates for properties primarily functioning as heat networks which take its energy from a low carbon source. The purpose of the relief is to encourage the development of low-carbon heating solutions, by lowering operational costs. Heat Networks A heat network is a system which…
Read more4 February 2025
Introducing our definitive work on heat network regulation – a comprehensive guide that cuts through the complexity of a rapidly evolving regulatory regime. In this landmark analysis, we have meticulously scrutinised every aspect of the forthcoming Heat Networks (Market Framework Regulations) 2025, the accompanying consultations, and the draft authorisation conditions. With the regulatory landscape still…
Read more7 January 2025
In a significant policy update published on 9 December 2024 (“Policy Update”), Ofgem announced its intention to move away from developing a late competition model for Offshore Transmission Owners (“OFTOs”), in favour of an early competition approach. This shift marks an important evolution in how offshore transmission infrastructure will be delivered in the future. Background…
Read more17 December 2024
On Friday 13 December 2024 the Department for Energy, Security and Net Zero published their ambitious Government Clean Power Action Plan – with the ethos being to “sprint” towards homegrown energy production. The primary aim is for the UK to achieve clean power by 2030 to increase energy security and improve affordability, while reducing greenhouse…
Read more3 December 2024
Overview This article explores the concept of Competitively Appointed Transmission Owners (‘CATOs’), their regulatory framework and role in enhancing onshore transmission infrastructure through competition. It will also look into the potential benefits, risks, associated developments and draw comparisons with the use of offshore transmission owners. With already high levels of demand on the grid and…
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