ACER’s Opinion on Capacity Markets

Through the Energy Bill 2012, the UK Government is given the powers to establish a Capacity Market, in which smart grids should play a key part. On 12th March 2013, the European Agency for the Co-operation of Energy Regulators (ACER) released an Opinion on capacity markets and their role in the wider European energy market. Read more of this post

Bird & Bird publishes response to UK Government’s call for evidence on UK information economy strategy

In February 2013 the UK Government issued a call for views and evidence in relation to the UK’s Information Economy Strategy.

The strategy aims to promote growth of the ‘information economy’, which is broadly defined as: “Digital technologies and information combining to drive productivity and create new growth opportunities across the whole economy.” The call for evidence encompassed five key areas considered likely to provide real growth opportunities in the sector where the UK Government is keen to obtain input and evidence from market parties: Smart cities, cloud computing, the internet of things, big data and e-commerce, the common theme being that there is a “critical role for the software, IT services and telecommunications services sectors to play in bringing growth opportunities to fruition”.

The response period has now closed.

Readers are invited to read a version of Bird & Bird’s response to the Consultation here. Response to UK Information Economy Consult.

Ofgem publishes Strategy Decision for RIIO-ED1

Ofgem has published its Strategy Decision for the next (RIIO-ED1) electricity distribution price control, the first to use the new RIIO model (Revenue = Incentives + Innovation + Outputs).  The Strategy Decision details the outputs that the 14 electricity distribution networks (DNOs) must deliver for their consumers and the related revenues they are permitted to collect between 1 April 2015 and 31 March 2023.  It sets out the strategic decisions including as to outputs and incentives, encouragement of innovation, handling uncertainty and approach to financeability.  Certain incentives and strategies aim to encourage DNOs to increase efficiency and the uptake of low-carbon technology including utilising smart grid solutions.  Read more of this post