Designing energy markets

CMS has played an instrumental role as a key adviser to the electricity and gas sectors for over three decades. Our dedicated Energy Team has the unique distinction of having written many of the agreements, codes and rules that regulate electricity, gas, water and other utility sectors around the world. Our global experience of developing and implementing market rules and frameworks in many jurisdictions internationally has given us a keen understanding of what has and has not worked in practice, and puts us in an ideal position to anticipate the key issues that may arise on a project of this kind.

CMS has depth of experience in designing markets, with a particular strength in recent years on incorporating renewable energy into the designs. We have worked with clients including governments, single buyers, procurement entities, developers, investors, financiers, operators, off-takers, retailers and the supply chain on hundreds of renewables projects across the globe, which gives us a key insight into what each of these stakeholders requires. We routinely advise on the detail of renewable support regimes, from market design through to the day-to-day interpretation of operational schemes.

Selected relevant experience includes advising the following: