Time to say grace? DECC sets out its proposals for RO grace periods
With the Renewables Obligation (RO) scheme of support for new schemes to be phased out by 31 March 2017 and the replacement Contracts for Difference scheme coming into effect next year, there will be a period of time in which developers will have a choice of which scheme to seek support under. For those that elect to seek support under the RO, generally speaking the facility must be commissioned and accredited by 31 March 2017, otherwise it will have to seek support under the Contracts for Difference scheme. However, the government has recognised that there may be some reasons outside the developer’s control that a project may be delayed beyond 31 March 2017 and so has issued a consultation on what grace periods will be available in such circumstances.
The government’s position is that, in general, operators of projects that have commissioning dates on or close to 31 March 2017 have the option of applying for a contract for difference, which would give them clear assurance of receiving support even if the project suffers unexpected delay. Because developers have known about this date for several years, the Department for Energy & Climate Change (DECC) remains minded to keep grace-period eligibility minimal.
It recognises that there are certain specific challenges that developers are experiencing at present, which it believes can best be addressed via more substantive grace periods, but proposes to target grace periods directly at those challenges, and where appropriate, rather than considering more extensive grace periods in general…
If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
What’s coming up: the major cases, government policy changes, and litigation and dispute resolution legislation to look out for in 2015
We know that it is important for businesses to be aware of upcoming legal and regulatory changes, so that they can plan ahead. View Walker Morris’s summary of some of the key upcoming decisions in major cases, changes to government policy and forthcoming legislation relating to litigation and dispute resolution in an easy-to-use table by clicking the link below: http://www.walkermorris.co.uk/whats-coming
The answer is yes, if they were not created as part of a genuine attempt to settle an existing dispute.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.