<br><img src="[images%7COpenAccessDataProvider]fd967909-39fa-4ceb-8272-d00812b37b37" sf-size="100"><p><b> </b></p><p><b></b><b>This week’s edition of Energy highlights includes analysis on the call for evidence on ‘helping businesses to improve the way they use energy’, and the impact of the government’s response and proposed next steps, and the Office of Gas and Electricity Markets’ (Ofgem) decision for National Grid Gas (NGG) to undertake consultation activities required by Article 26 in regards to transmission tariffs. Also this week, BEIS has published an update to guidance on applying for an exemption or compensation for a proportion of the indirect costs of funding the contracts for difference (CfDs), renewables obligation (RO) and small scale feed-in tariffs (FIT);</b> <b>the Office for Low Emission Vehicles (OLEV) has provided new guidance for local authorities on grants to provide on-street residential chargepoints for plug-in electric vehicles; and HM Treasury has produced an alternative schedule to the decommissioning relief deed (DRD) under the Transferable Tax History (TTH) mechanism.</b></p><h2></h2><h2>Electricity and gas market regulation and licensing<b></b></h2><h5><b>Ofgem instructs NGG to implement regulation (EU) 2017/460</b><b></b></h5><p>Ofgem has set out its decision instructing NGG to undertake consultation activities required by Article 26, and the cost allocation assessment calculations required by Article 5, of the European Network Code on harmonised transmission tariff structures for gas—<a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/energy/citationlinkHandler.faces?bct=A&service=citation&risb=&EU_REG&$num!%2532017R0460%25">Regulation (EU) 2017/460</a>. Ofgem’s decision document sets out its reasons for its decision and the action it has allocated for NGG. See: <a data-sf-ec-immutable="" href="https://www.lexisnexis.com/uk/lexispsl/energy/linkHandler.faces?ps=null&bct=A&homeCsi=412012&A=0.5522625809449847&urlEnc=ISO-8859-1&&remotekey1=DIGEST-CITATION(LNB%20News%2010/04/2019%2076)&remotekey2=All%20Subscribed%20Current%20Awareness%20Sources&dpsi=0S4D&cmd=f:exp&service=QUERY&origdpsi=0S4D">LNB News 10/04/2019 76</a>.</p><h5><b>Financial associations respond to eu energy market initiative</b><b style="color:#999999;font-size:1rem;text-transform:uppercase;background-color:initial;"></b><b></b></h5><p>The Futures Industry Association (FIA) has published its response on the European Commission initiative to strengthen the role of the euro in energy markets. FIA commented jointly with the International Swaps and Derivatives Association and the Global Financial Markets Association and stated that there are visible benefits in expanding the use of the euro in EU energy markets. However, the associations believe that currency choice should be driven by commercial reasons and not enforced through regulation, claiming that this would ultimately lead to increased risk. See: <a data-sf-ec-immutable="" data-sf-ec-immutable=""></a data-sf-ec-immutable="" ></p>
Source: LexisNexis Purpose Built
Energy weekly highlights - 12 April 2019
