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Issue 415 | Offtaker of Last Resort

Issue 415 | Offtaker of Last Resort

DECC consultationImplementing the Offtaker of Last Resort 1 July 2014 DECC launched this consultation on 27 June 2014 outlining implementation proposals for the Offtaker of Last Resort (OLR) mechanism. The supporting regulations and proposed OLR contract standard terms and conditions have also been published alongside the consultation document. This follows a February 2014 consultation on the high level policy design (see Alert 18/02/14), with responses considered and published alongside this new consultation. Respondents largely supported the high level policy and the government has confirmed it will introduce OLR. OLR is designed to reduce route to market risk for generators, reducing the cost of capital, and increasing ...

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