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20 May 2011 10:05:14

Review outlines Ofgem role in low-carbon development

Review outlines Ofgem role in low-carbon development
Energy and climate change secretary Chris Huhne has highlighted the role Ofgem will play in carbon reduction with the publication of a new report.

The review proposes legislation which would allow the coalition to create "high level strategic goals" that Ofgem would be required to help in meeting.

Mr Huhne said: "A strong, independent regulator will be crucial to building the secure, affordable, low-carbon energy we need."

This rhetoric was backed up by the Ofgem chairman, Lord Mogg.

Lord Mogg said the review highlights "how important to investors a stable and predictable regulatory framework is to ensure that the £30 billion of investment for Britain’s energy networks is delivered in the decade ahead."

Also published at the same time as the Ofgem review was the delivery review, which signalled core grant funding for both the Energy Saving Trust and Carbon Trust will be cut from 2012/13.

Following this, the organisations will be required to compete for services put out to tender.

A new Office of National Energy Efficiency will also be established.

The announcements come just days after the government revealed its fourth carbon budget, which set a budget of 1950 MtCO2e between 2023 and 2027. ADNFCR-1235-ID-800550780-ADNFCR

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