Author: Att. Tuna Colgar
Electricity Market Law numbered 6446 (“EML” or “Law”) entered into force through publication in the Official Gazette dated March 30, 2013 and numbered 28603. Share transfers of companies that operate in the energy market became one of the newly regulated issues with the publication of the Electricity Market Licensing Regulation (“Regulation”) in the Official Gazette dated November 2, 2013 and numbered 28809, upon the enactment of the EML.
Contact: Att. Ozen Odev; Erdem & Erdem (Turkey)
In this newsletter, we evaluate the reimbursement of lost/illegal electricity costs, a subject that, from a legal perspective, is of particular concern to consumers.
Lost/illegal Electricity Costs
Contact: González Calvillo, S.C. (Mexico)
Mexico City, August 4, 2014
Resulting from the amendments to the Constitution of Mexico, as published in the Official Gazette (Diario Oficial de la Federación) on December 20, 2013 (the “Energy Constitutional Reform”), a comprehensive set of proposed new statutes and modifications to existing laws were brought by the President of Mexico before Congress, in the form of law initiatives.1 Said law initiatives, generally referred to as secondary legislation, are intended to regulate and implement the Energy Constitutional Reform, thus setting forth the foundation for a new energy legal framework in Mexico. After months of negotiations, those statutes and law amendments have now been approved by the Mexican Congress and will enter into effect upon publication by the Executive branch.
Contact: Att. Berna Asik Zibela; Erdem & Erdem (Turkey)
Under the "Law on Use of Renewable Energy Resources for Electric Energy Generation" ("Renewable Energy Law"), renewable energy resources are listed as hydraulic, wind, solar, geothermal, biomass, biogas (including landfill gas), wave, current and tidal energy, which are non-fossil energy resources.
Contact: James Plumb, Partner and Audine Bartlett, Senior Associate; Carter Newell (Queensland, Australia)
The Victorian Government has recently announced a hold on all onshore gas exploration work plans, effectively grinding to a halt coal seam, shale, tight and conventional gas exploration and development in the State of Victoria.