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Energy Act 2010

Energy Act 2010

2010 CHAPTER 27

ANNEX A: GLOSSARY:

  • CAT – Competition Appeal Tribunal. The CAT hears appeals against competition law decisions of the Office of Fair Trading, sector regulators and the Competition Commission.

  • CCS – Carbon Capture and Storage is the process of capturing carbon dioxide produced during the burning of fossil fuels and its transportation and permanent storage in underground geological formations such as old oil and gas fields or saline aquifers.

  • ECHR – European Convention on Human Rights.

  • EU ETS – European Union Emissions Trading Scheme. EU ETS is a Europe-wide ‘cap and trade’ scheme which places a cap on the total emissions of participants, divides that cap into rights to emit or ‘allowances’, and allows participants to trade those allowances. Since 2005, it has set a declining cap on emissions from the large industrial sectors, including power.

  • IEA – International Energy Agency

  • MPLC – Market Power Licence Condition

  • Ofgem – Office of Gas and Electricity Markets. The independent regulator of the downstream gas and electricity markets.

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