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The Danish Energy Authority has initiated a new round of applications for funding for the establishment of partnerships to promote the use of electricity, gas and hydrogen in transport. For 2014 to 2015, a total of Dkr33 million has been allocated to support partnerships working to promote green transport. The goal is to create a lasting increase in the prevalence of energy-efficient vehicles.
Agreeing on a fixed gas price in a changing market environment is impractical and parties draft complex pricing arrangements to ensure that the contract price evolves with the value of the product sold. Such pricing arrangements consist of a price formula used to recalculate the price mechanistically for each billing period in combination with a price review clause to allow a revision of the price formula if required.
For more information, please contact:
Tom Gillett, Manager
International Law Office
New Hibernia House
London, SE1 9AG
Tel: +44 20 7234 0606
Fax: +44 20 7234 0808