Energy Bill. Bill 7 2009-10.
The Bill would introduce: a carbon capture and storage incentive to support the construction of up to four UK demonstration projects, to be chosen in a competition; mandatory social price support to lower energy bills (social tariffs) for the most vulnerable, which would replace the current voluntary agreement which expires in 2011. It would also add ensuring security of supply and protecting consumers to the objectives of the regulator, Ofgem; increase the regulator’s powers to deal with exploitation of electricity distribution constraints by generators; and increase Ofgem’s power to fine companies. It would give the Secretary of State the power to ban cross-subsidy between gas and electricity accounts.
The Bill would introduce: a carbon capture and storage incentive to support the construction of up to four UK demonstration projects, to be chosen in a competition; mandatory social price support to lower energy bills (social tariffs) for the most vulnerable, which would replace the current voluntary agreement which expires in 2011. It would also add ensuring security of supply and protecting consumers to the objectives of the regulator, Ofgem; increase the regulator’s powers to deal with exploitation of electricity distribution constraints by generators; and increase Ofgem’s power to fine companies. It would give the Secretary of State the power to ban cross-subsidy between gas and electricity accounts.