Energy Bill from the Queens Speech

From the DECC Website: The main points in the Energy Bill

  • 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 Bill may also contain measures to:

  • regulate the carbon emissions from coal-fired power stations
  • reform energy markets to deliver security of supply and ensure fair competition
  • put in place a framework to guide the development of a smart grid that will revolutionise the management of supply and demand for electricity
  • require energy companies to provide more information on energy bills in order to empower consumers and to ensure fair access to energy supplies
  • ensure that North Sea infrastructure is available to all companies to ease the exploitation of smaller and more difficult oil and gas fields
  • create a Green Investment Bank to support investment in low carbon projects to transform the economy
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