Legal Updates

In what has been the toughest year in decades for energy retailers, 2021 saw over a third of all UK energy supply companies (ESCs) pushed into insolvency. Conditions have worsened since Russia’s invasion of Ukraine which has increased volatility in an already strained market. Wholesale gas prices have now reached over ten times their normal level – a once in a generation event not seen since the 1970s oil crisis. In this article, we discuss government’s and industry’s response to the crisis and analyse investment opportunities and considerations for funds looking to invest in this sector beyond the ‘net zero’ agenda.

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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
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