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|Capacity Markets - A Short-Term Fix for Security of Supply or A Key Energy Market Support Mechanism in the Transition to a Low Carbon Economy?|
Stuart Caplan, Marc Fornacciari, Charles July, Michal Motylewski; Dentons Canada LLP;
November 21, 2014, previously published on October 28, 2014In countries with energy only wholesale power markets, the rise of variable renewable energy production with zero margin costs—and, in some cases priority despatch—is depressing wholesale market prices and displacing marginal thermal power producers which cannot meet their fixed...
|Renewable Energy in Europe|
Mark Cheney, Marc Fornacciari, Tomasz Janas, Charles July, Javier Lasa; Dentons Canada LLP;
November 20, 2014, previously published on October 28, 2014Directive 2001/77/EC laid down a framework for the promotion of electricity produced from renewable energy sources (RES) in the European Union. This framework was subsequently strengthened by Directive 2009/28/EC (Renewable Energy Directive) which requires Member States to establish mandatory...
|Rough Winds from the West?|
Marc Fornacciari, Boris Strauch; Dentons Canada LLP;
November 19, 2014, previously published on September 27, 2014With its judgment of December 19, 2013, the European Court of Justice (ECJ) decided in a preliminary ruling procedure that “a mechanism for offsetting in full the additional costs imposed on undertakings because of an obligation to purchase wind-generated electricity at a price higher than...
|Solar Permitted Development Rights|
Melanie Blanchard; Dentons Canada LLP;
November 18, 2014, previously published on September 26, 2014The Government published its technical consultation on Planning in July 2014, the consultation included proposals to increase permitted development rights for solar power.
|A Strategy for the UK North Sea Oil and Gas Industry: Work in Progress|
Adam Brown; Dentons Canada LLP;
November 18, 2014, previously published on October 16, 2014Following the recommendations of the Wood Review of the UK’s offshore oil and gas industry, and an initial debate in the House of Lords, clauses have been inserted into the Infrastructure Bill currently before Parliament to legislate for the key principle in Sir Ian Wood’s report, that...
|CfDs: Not Unduly Distorting the Market, But Not Best Value for Money?|
Adam Brown; Dentons Canada LLP;
November 18, 2014, previously published on October 6, 2014The European Commission’s state aid decision clearing the UK’s “enduring regime” of renewables contracts for difference (dated 23 July, published on 2 October 2014) confirms the CfD regime as a model example of the kind of renewables support scheme that the Commission wants...
|Key Components of the BC Government’s LNG Tax and Emissions Framework|
Timothy G. Duholke, Michael J. Styczen; Davis LLP;
November 17, 2014, previously published on October 27, 2014From British Columbia’s spring budget, to the provincially-sponsored LNG conference in May, and throughout the summer, the message from LNG producers to the BC government has been consistent: in order to allow LNG projects proposed for the BC coast to proceed, the province needs to implement...
|BC Greenhouse Gas Industrial Reporting and Control Act Passes Second Reading|
Wally Braul, Thomas W. McInerney, Gray E. Taylor; Bennett Jones LLP;
November 17, 2014, previously published on November 03, 2014On October 20, 2014, the Greenhouse Gas Industrial Reporting and Control Act (Bill 2) (hereinafter the Bill) was introduced, and on October 29, 2014, the Bill passed second reading in the British Columbia Legislative Assembly. The Bill, if enacted, would repeal the Greenhouse Gas Reduction (Cap and...
|New Canadian Resource Revenue Transparency Rules Released|
Daniel P. Cipollone, Eden M. Oliver, Claire Webster; Bennett Jones LLP;
November 17, 2014, previously published on October 28, 2014On October 23, 2014, the Government of Canada introduced its Extractive Sector Transparency Measures Act (the Bill), which will impose mandatory reporting requirements for each entity engaged in the "commercial development of oil, gas or minerals" (exploration, extraction, or having...
|Canada Introduces Payment Reporting Legislation: What Mining and Oil & Gas Companies Need to Know|
Graham Erion, John Munnis; Davis LLP;
November 17, 2014, previously published on October 27, 2014On October 23, 2014, the Government of Canada introduced its long-awaited legislation to mandate disclosure of public payments made by mining and oil & gas companies for the commercial development of oil, gas and minerals. The Extractive Sector Transparency Measures Act (the “Act”)...