Publications for Power Law Committee
Power Law: Editorial August 2023
John Vellone, Newsletter Editor of the IBA Power Law Committee introduces the latest collection of articles from Committee members.
Released on Aug 11, 2023
Poland: European Union’s energy market in the spotlight – EU’s proposal for changes
The Russian invasion of Ukraine triggered an energy crisis and raised major concerns over the appropriateness of the current European Union’s energy market architecture. New EU legislation intends to promote long-term corporate power purchase agreements (cPPAs) as instruments that facilitate new investment in renewable energy source (RES) installations and stabilise energy costs for end-users.
Released on Aug 11, 2023
Peru: The impact of Ukraine’s invasion on the energy industry
Covid-19, high levels of debt and increasing interest rates, the invasion of Ukraine and the ghost of a nuclear war: the imminent arrival of El Niño Global. These are some of the reasons that more and more analysts use the word ‘polycrisis’ to refer to the situation in which the effects of several problems of different natures or origins are bundled up and strengthened. Some analysts, though, have started using a far eerier word: ‘permacrisis’.
Released on Aug 11, 2023
Canada: The expected (and unexpected) consequences of the Russo-Ukrainian war on the power sector
The impact of the Russo-Ukrainian war on the power sector in Canada was most acutely felt through an increase in the cost of fossil fuels, including natural gas, which through the operation of thermal power plants acting as the marginal source of supply in numerous energy markets drove an increase in wholesale market pricing across North America.
Released on Aug 11, 2023
Portugal: Short notes on the ‘Iberian exception’ – a gas price cap to lower wholesale electricity prices
The disruption caused globally by the Russo-Ukrainian conflict, which started on 24 February 2022, was acutely felt on various economic fronts. One of the most visible impacts – the humanitarian crisis aside – concerned the energy markets.
Released on Aug 11, 2023
Pakistan: Impact of the Russo-Ukrainian war on the power sector
The Russo-Ukrainian war has, among others, exacerbated the energy crisis, especially for countries that do not independently produce much of their energy, such as Pakistan. This article will discuss the impacts of the Russo-Ukrainian war on the power sector in Pakistan and what the country can do to increase self-reliance to mitigate the energy crisis.
Released on Aug 11, 2023
Thailand: The impact of the war in Ukraine on the power sector
The war in Ukraine has been a factor in recent regulatory changes in Thailand that promote market liberalisation and increased renewable energy deployment. Although the war may not be the decisive factor behind these trends, it has accelerated their development. The foundations of third-party access regimes, new merger control rules and a large-scale renewable energy tender are examples of legal and regulatory initiatives in the past year; it is likely that greater liberalisation and promotion of renewable energy will continue to be themes in the foreseeable future.
Released on Aug 11, 2023
Energy transition in Portugal: current status and post-pandemic trends
Notwithstanding the arrival of the Covid-19 pandemic, the fight against global warming is possibly the most pressing issue in the international agenda. This article summarises Portugal’s policies on energy transition before the pandemic and highlights some of the post-pandemic market trends.
Released on Jun 8, 2021
‘Turnkey’ German system for electric power transmission projects in Paraguay
Paraguay would seem to be a clear example of a favourable ecosystem for private investment in public infrastructure through various procurement mechanisms. In recent decades, a remarkable macroeconomic, tax and currency stability has been established and consolidated with a neat and careful management of public accounts, as well as respect for long term compromises which provide a safe framework for investors.
Released on Jun 8, 2021
Prospects of embedded generation in the Nigeria’s power sector
The unreliability of Nigeria’s power sector has led industry stakeholders to seek alternative sources of electricity for consumers while waiting for the national grid power to improve significantly. This article focuses on the prospects of embedded generation in Nigeria.
Released on Jun 8, 2021
Judicial interpretation of Section 71(6) of the Nigerian Electric Power Sector Reform Act 2005
In liberalising Nigeria’s electricity sector, the distribution of electricity was handed to Distribution Successor Companies. The assumption was that the licences issued to these Companies over certain geographical areas were exclusive. This court case provides clarity through the judicial interpretation of Section 71(6) of the Electric Power Sector Reform Act 2005.
Released on Jun 8, 2021
Renewable energy in Nigeria: law, regulation, trends and opportunities
As the harmful effects of pollution and greenhouse gas emissions become clearer and the need for sustainable development takes on a more central role in the global energy conversation, there appears to be a consensus amongst key players that it is imperative to shift focus towards renewable energy and other clean energy sources.
Released on Jun 8, 2021
What Kenya and the rest of Africa can learn from the recent Texas power outage
In February 2021, Texas’s power crisis became a major issue. From the discussions by experts and officials, it could be attributed to extreme weather conditions, exceptional electricity demand, a non-weather-resistant energy system, poor predictive planning, Texas’s laissez-faire energy market and its independent grid.
Released on Jun 8, 2021
The future of renewable energy communities in Italy: an opportunity
The rapid development of renewable energy communities in Italy and the changes brought about by EU Directive 2018/2001.
Released on Jun 8, 2021
The impact of renewable energy on Ghana’s economy
Renewable energy plays an important role in expanding the Ghanaian economy while at the same time, protecting its environment.
Released on Jun 8, 2021
Chile’s new Energy Efficiency Law
After more than two years of debate, Law No. 21,305, the Chilean Law on Energy Efficiency (CLEE), was published on 13 February 2021. It establishes, among other matters, the following aspects relating to energy efficiency.
Released on Jun 8, 2021
The impact of the hourly spot market price (PLD) recently adopted in Brazil
The hourly spot market price is new to Brazil. We expect four main consequences, which are briefly addressed in this article: new services, increased PPA sophistication, changes to grid operation and renegotiation of contracts.
Released on Jun 8, 2021
Brazil’s government launches new framework to resolve up to US$1.6bn in GSF disputes
Almost 500 hydropower plants are eligible to a new settlement launched by Brazil’s government, which will extend concessions in exchange for a waiver of lawsuits and claims. The Generation Scaling Factor (GSF) has been at the centre of many litigation cases in Brazil over the last decade, piling up to around BRL$9bn (approximately US$1.7bn) that remained unpaid to creditors of the centralised settlement of electricity due to injunctions.
Released on Jun 8, 2021