In the latest of the Garrigues Sustainable Dialogs webinars, the director general of the Spanish Climate Change Agency, Valvanera Ulargui, has reviewed the conclusions of the 26th UN Climate Change Conference (COP26), in which she took part, analyzing outcomes versus expectations. She draws an optimistic conclusion.
G-advisory, Garrigues’ consulting arm offering technical, economic and strategic advice on energy and ESG matters has rebranded its visual identity to align with new market demands. The new image, heavily centered around the color green, seeks to convey the values of the brand, with a clear sustainable commitment.
On September 30, 2021, the Executive Branch of the Mexican Federal Government submitted a bill to amend articles 25, 27 and 28 of the Political Constitution of the United Mexican States (the Reform Bill). If approved, this measure would, among others, repeal the constitutional reform of the electricity sector passed on December 20, 2013 (the 2013 Energy Reform), restore the state-dominant position in Mexico’s electricity industry through the Federal Electricity Commission (CFE) and limit and control private participation in power generation, removing at a stroke the regulatory agencies that currently govern the national electricity system and the wholesale energy market.
Royal Decree-Law 17/2021, of September 14, 2021, on urgent measures to reduce the impact of the steep rise in natural gas prices on the gas and electricity retail markets (RDL 17/2021) came into force on September 16, 2021. It contains a raft of measures in various areas aimed at containing the steep rise in the price of electricity on the Iberian wholesale market and mitigating its effects on the most vulnerable.
G-Advisory (the Garrigues Group consulting firm), in conjunction with Simulyde, has just published its Q2 2021 update report on pool price forecasts, which analyzes recent trends. G-Advisory expects a medium-term decrease in electricity prices in Spain despite the current rise, as highlighted in the document’s conclusions.
After arduous legal battles in the Mexican courts with negative results for the Mexican Government in connection with a variety of regulatory and administrative provisions that de facto set back the 2013 Energy Reform, the President of Mexico submitted before the Mexican Congress a bill amending various provisions of the Electricity Industry Law (the Bill). The Bill was filed as a "preferred" bill, so it is subject to a fast-track procedure of discussion, voting and, if applicable, passing.
On January 21, 2021, the President of the Republic of Poland signed the Act on the Promotion of Electricity Generation in Offshore Wind Farms (Offshore Act), which is expected to give momentum to the Polish renewable energy industry and form part of Poland's energy security system.
The Energy Regulatory Commission published this Monday in the Federal Official Gazette the "Agreement by which all deadlines and legal terms that were suspended as a measure to prevent and combat the spread of the coronavirus COVID-19 by means of resolutions No. A/010/2020, A/014/2020, A/015/2020 and A/018/202, are resumed.
In an effort to mitigate risk of spreading the COVID-19 virus, the Permanent Commission of the CRE (Energy Regulatory Comission) determined that the cessation of terms and deadlines associated with proceedings processed before the CRE will be extended.
Although pledges were secured, many are disappointed with the outcome of this climate summit because it failed to achieve the objectives set for it.