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Issue 435 | Offtaker of Last Restort

Issue 435 | Offtaker of Last Restort

DECC consultation responseImplementing the Offtaker of Last Resort 23 September 2014 The government issued the response to its June 2014 consultation on implementation proposals for the Offtaker of Last Resort (OLR) mechanism on 19 September. Alongside the response DECC issued the indicative terms and conditions for contracts under the scheme that will come into force in conjunction with the Power Purchase Agreement Scheme Regulations, which are currently before Parliament. The indicative electricity supply licence conditions are expected to be laid in Parliament shortly and come into force in November. The government has confirmed the OLR will be open to applications from October 2015. The scheme ...

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