The UK’s Energy Security Bill and Its Impact on Market Players
Bracewell’s Darren Spalding, Kirsty Delaney and Adam Quigley analyze for LexisNexis key provisions of the UK’s Energy Security Bill, including oil and gas, nuclear licensing requirements, hydrogen trials, and the extension of the energy price cap.
The bill was introduced to Parliament on July 6, 2022, and as currently drafted, will have a significant impact on the UK energy regime. It contains 26 measures which broadly aim to leverage private investment in clean technologies, build a homegrown energy system while ensuring its safety, security and resilience, and reform the energy system to protect consumers from unfair pricing.
The article by Spalding, Delaney and Quigley was first published on Bracewell’s Energy Legal Blog® on July 14, 2022.