UK Government Energy Bill 2010
June 26, 2010
The UK Government's Energy Bill was announced during the Queen's Speech on May 25th 2010. It plans to introduce legislation to improve energy efficiency in British homes and businesses, to promote low carbon energy production, and to secure national energy supplies.
The key elements of the Bill are as follows:
(i) Implementation of a Green Deal to deliver energy efficiency to homes and business . delivering a framework including potential incentives to energy suppliers and households that will transform the provision of energy efficiency in the UK by enabling a Pay as you Save approach.
The Energy Bill may also contain measures to:
(ii) Regulate the carbon emissions from coal-fired power stations.
(iii) Reform energy markets to deliver security of supply and ensure fair competition.
(iv) Put in place a framework to guide the development of a smart grid that will revolutionise the management of supply and demand for electricity.
(v) Require energy companies to provide more information on energy bills in order to empower consumers and to ensure fair access to energy supplies.
(vi) Ensure that North Sea infrastructure is available to all companies to ease the exploitation of smaller and more difficult oil and gas fields.
(vii) Create a Green Investment Bank to support investment in low carbon projects to transform the economy.
Source: Department of Energy and Climate Change, UK