UK: Written Ministerial Statement re Draft Energy Bill

• Edward Davey, UK Secretary of State for Energy and Climate Change • I am pleased to be publishing a draft of the » Energy Bill today, in order for Pre-Legislative Scrutiny to be carried out on it. The draft Bill includes measures necessary to reform the electricity market to deliver secure, clean and affordable electricity. At the heart of our Electricity Market Reform (EMR) measures are Feed-in-Tariffs with Contracts for Difference (CfDs), long-term instruments which will provide stable and predictable incentives for companies to invest in low-carbon generation. CfDs are more affordable than alternative incentives and will mean a better deal for consumers. Through the work on Final Investment Decisions (FID) Enabling we are committed to working with developers to enable some of this investment to come forward in advance of the CfD regime coming into force, and the Bill contains measures to support this process. This will be complemented by a Capacity Market that will, if required, provide security of electricity supply by ensuring sufficient reliable capacity is available. Measures relating to Conflicts of Interest and Contingency Arrangements will ensure that the System Operator which will deliver these schemes is appropriate. Renewables Transitional measures will ensure that existing investments under the Renewables Obligation remain stable ...Zum vollständigen Artikel

Cookies helfen bei der Bereitstellung unserer Dienste. Durch die Nutzung erklären Sie sich mit der Cookie-Setzung einverstanden. Mehr OK