![]() Today, ChargePoint is facilitating mass electric vehicle (EV) adoption as one of the largest charging networks in the world with a strong leadership position in North America and a growing presence in Europe. Consequently, a period, up to 20 years for the largest gas storage units, has been accepted as a legitimate period of exclusivity for the supplier and customer to enable the supplier to amortise the cost of the storage unit.The Electric Revolution Is Here … Our Obsession Is Making It Easy.įor more than a decade, ChargePoint has been singularly focused on enabling the movement of all people and goods on electricity. No gas supplier would make the capital expenditure of installing the unit with a customer if the customer could within a short period of time move to another gas supplier. The classic example is a gas storage unit located at an industrial customer's premises. The validity of long periods of exclusivity for capital intensive projects is recognised by decisional practice in the UK and elsewhere under competition law. It also seeks to ensure that market players compete, and do not dampen competition by entering into agreements that control prices, limit production, or otherwise restrict the expected ‘usual’ case of head-to-head competition. However, each operator’s profits reduce.Ĭompetition law seeks to curb businesses in highly concentrated markets, by ensuring they do not abuse their excessive market power (dominant position). As the number of competitors increase, prices lower, quality improves and innovation increases. ![]() At the same time, each operator in this concentrated market will earn higher than normal levels of profits. The accepted economic models of industrial economics identify that the lower the level of competition, the more likely it is that prices will be higher, product quality and choice lower, with a lower level of innovation. In addition, recognising the difficulty and time that it takes for infrastructure providers to engage with multiple organisations (transport, energy, planning) to obtain necessary permissions and licences, the government promises to ‘make clear guidance available to make these processes as smooth as possible 4. In practice this will probably take the form of competitive tenders run by local authorities with some form of subsidy provided to the winning tenderer. Also, for the least commercially viable segments of the market, public funds will be available. This includes access to the data that infrastructure providers need to identify potential business opportunities and areas of need. The government proposes, therefore, to provide some support. The lower this price difference, and the higher their costs, the less attractive is the market.Īlthough the government wants a market-led approach, it recognises there are challenges for infrastructure providers. 3 Expressed in simple terms, charge point installers and operators are attracted by this price difference, measured against their major costs (installation cost, capital cost of the charge point, electricity). Indeed, The Energy Saving Trust estimated that for a single driver, driving 10,000 miles each year, the price difference would be £420. Currently, the outlook would appear positive given that The National Audit Office reported that the cost of home charging could be between 59% and 78% lower than charging at public charge points. It anticipates that the private sector and investment community will be attracted by the market growth potential and future demand certainty. The government proposes a market-led rollout of public charge point installation. As the government notes, the scale of the challenge is significant. The government estimates the country will need by that time at least 300,000 and perhaps as many as 700,000 public charge points. 2Īt the current roll-out of approximately 600 public chargepoints installed every month, there will be close to 90,000 chargepoints in the United Kingdom by 2030. On 28 March 2022 the government published its paper Taking charge: the electric vehicle infrastructure strategy 1 (Taking Charge) and an accompanying document, Government response to the CMA’s Electric vehicle charging market study (the Response). Pensions aspects of company reorganisations Pensions aspects of acquisitions & mergers ![]() ![]() Investment & de-risking for pension schemes Insurance disputes & non-contentious advice Advising distressed companies & their directorsīlockchain litigation & crypto asset recoveryįinancial services disputes & investigationsįinancial services investigations & enforcement
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