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United Kingdom Energy and infrastructure Securing grid capacity has long been a challenge but it has now reached tipping point, both for the transmission and distribution network operators, and for projects or developments seeking connections. This impacts everyone, from low carbon generators and battery storage operators to energy intensive industry, data centres and real estate developments, and down to EV consumers looking for charge points.
In his Autumn Statement, the UK Chancellor announced a new Electricity Generator Levy (the "Levy"), which replaces the previously planned Cost Plus Revenue Limit. The Government felt the new Levy is a more proportionate measure that is not only administrable through the corporate tax system which generators are familiar with but will leave generators with a greater proportion of their returns to invest in growing the UK's renewable energy capacity.
On 1 November 2022, the Energy Bill Relief Scheme Regulations 2022 ("EBRS Regulations") were introduced pursuant to the Energy Prices Act 2022 to provide financial support for non-domestic energy customers in the UK under the Energy Bill Relief Scheme ("Scheme").
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