The Electricity Supplier Obligations (Green Excluded Electricity) (Amendment) Regulations 2023
Jurisdiction: United Kingdom
Commencement: 1st April 2023
Amends: Energy Act 2013 (2013 c.32) with commencement Order and associated Regulations
This Energy Act 2013 (2013 c.32) with commencement Order and associated Regulations sets out the legislative framework that the Government will make Regulations from in the coming years to ensure that the UK will generate enough secure, affordable and low-carbon energy to meet increasing demand. As well as cost and capacity issues, these forthcoming policies also consider the UK’s Climate Change Act 2008 commitments and legally-binding EU renewables targets. The Act introduces Contract for Difference, a key part of the Electricity Market Reform (EMR) programme.
Various duties apply.
The calculations for Contracts for Difference (CFD)* contributions now include green excluded energy**.
*The CFD scheme is a private contract between low-carbon electricity generators and the Low Carbon Contracts Company (LCCC). It is the UK Government’s main mechanism for supporting low-carbon electricity generation.
**Green excluded energy is energy that is imported to Great Britain from an EU Member State that is generated by renewable power.
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