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U.K. minister welcomes confirmation of Energy Bill in Queen's Speech

Thursday, 27 May 2010 05:35

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Energy Bill 2010

This Bill would deliver a national programme of energy efficiency measures to homes and businesses.

It may also introduce powers to regulate the emissions from coal-fired power stations, reform energy markets to deliver security of supply and ensure fair competition, and put in place a framework to guide the development of a smart grid that will revolutionise the management of supply and demand for electricity.

Key Elements

The main elements of the Bill are:

* 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

Source: U.K. Department of Energy and Climate Change