Kwasi Kwarteng, UK Business and Energy Secretary is reported to have said on 20 September that “My task is to ensure that any energy supplier failures cause the least amount of disruption to consumers”.

Wholesale day-ahead gas prices in the UK are reported to have jumped some 9% on 20 September alone. The rise is as a result of a number of factors including increased demand in Asia, lower supplies of gas from Russia and increase in demand as countries emerge from lockdown restrictions and economies start to pick up once more.

Such rapid and significant price increases typically disproportionately impact smaller suppliers and indeed it is widely anticipated that a number of the smaller suppliers will fall into insolvency over the coming weeks and months. The specific process is unique to the energy industry.


Continue Reading Testing times for the “Supplier of Last Resort” regime as UK gas prices continue to rise

The UK’s Hydrogen Strategy landed this month, sending a strong message that the UK government is listening and willing to commit to private sector partners in order to reach short term and long term hydrogen market goals. However, the scale of the challenge remains huge, requiring the simultaneous development of hydrogen production capabilities and end

This month the UK Government issued an updated timetable and submissions guidance for cluster sequencing for Carbon Capture Usage and Storage (CCUS) deployment. With this paper came a number of updates across its CCUS programme including:

  • the CCS Infrastructure Fund (CIF);
  • the Industrial CCUS Business Models;
  • Power CCUS Business Models;
  • T&S Business Models; and

In November we wrote about the UK’s National Security and Investment Bill, which promises to give rise to the most significant changes to the treatment of mergers and acquisitions in the UK for many years. In January, we discussed the Bill at more length at the Mayer Brown Oil & Gas Lawyers’ Forum and

The UK Supreme Court has handed down its judgment in the case of Okpabi and others v Royal Dutch Shell Plc and another.  This is an important decision that will be of interest to all UK headquartered companies operating in jurisdictions and industries where there is a higher risk of ESG-related issues arising.  Although the

The UK has announced an ambitious target to achieve a net zero carbon economy by 2050. It is widely acknowledged both within the UK government and industry more broadly that hydrogen will play a key role in achieving this target. The potential role of hydrogen in the transport and heating sector is seen as particularly

On 11 November 2020, the UK government published draft legislation, the National Security and Investment Bill (the “Bill”), which will significantly change the treatment of mergers and acquisitions in the United Kingdom and will introduce a new security screening regime separate from competition law. 

Once in force, it will require prior notification and approval of

“Our seas hold immense potential to power our homes and communities with low-cost green energy”.

On 6 October 2020 the British Prime Minister announced a plan to allocate £160m towards the upgrade of ports and infrastructure in the UK with a view to the UK becoming a leader in clean wind energy. Further targets of