Energy Release 2.0 - A complete analysis
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Italy
I am a partner in our Banking & Finance Group, with a particular focus on the energy & utilities sector.
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Development of new capacity for energy-intensive final customers
On November 14, 2024, the first "Tender notice for the allocation of electricity in the availability of the GSE - pursuant to Ministerial Decree No. 268 of July 23, 2024 (so-called Energy Release 2.0)" pursuant to, respectively, Article 1(2), of Law-Decree No. 181 of December 9, 2023, converted, with amendments, by Law No. 11 of February 2, 2024, and Decree of the Ministry of Environment and Energy Security of July 23, 2024 No. 268 (so-called DM Energy Release 2.0) was published on the website of Gestore dei Servizi Energetici S.p.A. (“GSE”).
The DM Energy Release 2.0 regulates the mechanism under which energy-intensive final customers will be able to contribute to the realization of new power generation capacity from renewable sources, making use, in the first stage, of a procedure for the advancement of electricity in the availability of the GSE, and then subsequently proceeding to its return following the completion of the realization of this new electricity capacity.
The deadline for submission of expressions of interest under the Tender Notice was recently extended to Feb. 14, 2025, h. 12:00 p.m.
Bird & Bird has set up a task force composed of professionals working in the energy, regulatory, corporate and tax fields in order to assist clients in evaluating the applicability profiles of the new regulation.
