Royal Assent for the Energy Bill

13.04.2010

On Thursday 8^th April, the Energy Bill received Royal Assent, becoming the Energy Act 2010.

The fundamentals of the Act include, 

• Carbon Capture and Storage (CCS) to help deliver a new financial incentive to bring projects on coal-fired power stations
• Clarifying Ofgem’s remit including the reduction of carbon emissions, the delivery of secure energy supplies and steps to proactively protect consumers
• Mandatory social price support creating a mandate for energy companies to provide support to the fuel poor
• Tackling market power exploitation giving Ofgem additional powers to tackle market exploitation   

To read more about the Energy Act 2010 visit the Department of Energy & Climate Change website