Summary of key points in UK Energy Bill

Westminster portcullisThe following key measures are included in the UK government’s Energy Bill:

1. Decarbonisation;

2. Electricity Market Reform (EMR);

3. Creation of the Office for Nuclear Regulation (ONR);

4. Enabling the sale of the Government Pipeline and Storage System (GPSS);

5. Introduction of a Strategy and Policy Statement (SPS) to improve regulatory certainty by ensuring that Government and Ofgem are aligned at a strategic level;

6. Powers in relation to domestic energy tariffs and licensable activities;

7. A new power to enable Ofgem to provide redress to consumers;

8. An amendment to the Warm Homes and Energy Conservation Act for a new fuel poverty target.

9. An amendment to the Feed-in Tariff Order to extend the maximum capacity that community projects can install from 5MW to 10MW.

10. A technical amendment to avoid offshore wind generators constructing transmission assets falling foul of the law;

11. A charging power for energy resilience; and

12. An amendment in respect of cost recovery for advice on the new nuclear waste and decommissioning financing arrangements.

 

For more information:

http://goo.gl/ajH0ko

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