12 Apr 2010 09:04:27
Energy Bill becomes law
The government's Energy Bill has received Royal Assent, bringing a number of new measures into force.
One of the main elements of the Energy Act 2010 is the creation of financial incentives to boost carbon capture and storage, bringing forward four commercial-scale demonstration projects that may be retrofitted with carbon capture technology.
A new framework will also be established requiring energy firms to offer support to the fuel poor, replacing current voluntary agreements.
In addition, the government will clarify Ofgem's remit and give the energy regulator additional powers to tackle market exploitation.
Other measures include allowing the government to state how much notice energy firms must give customers when making changes to gas and electricity tariffs.
According to the UK parliament website, the bill follows on from the government's low-carbon transition plan, which was published in July 2009.
"This plan aims to deliver emissions cuts of 34 percent from 1990 levels by 2020 and of 80 percent by 2050," a summary states.http://tinyurl.com/yebad7v