The government has announced the Energy Independence Bill in Parliament. The legislation is aimed at helping families and businesses benefit from a fairer energy system, cheaper bills and greater public control.
Energy Secretary Miatta Fahnbulleh says Labour will build a clean energy future which “people will feel in their pockets”. But what do industry giants and action groups have to say?
Dhara Vyas, Chief Executive of Energy UK, said: “The Energy Independence Bill comes at a critical moment for the sector. As we navigate a second energy crisis in just five years, the importance of energy security, affordability and resilience has never been clearer.
“Delivering market reform that ensures continued investment in clean power, delivers a more efficient energy system and has a focus on delivering electrification will strengthen energy security, support economic growth and help deliver more stable bills.”
Simon Francis, Coordinator of the End Fuel Poverty Coalition, is wary of what action he believes needs to be taken for the Bill to be a success.
He said: “The ability for Ministers to create a social tariff, backed by better use of data to reach those who need help, could be the most important measure of all in ensuring households in fuel poverty don’t continue to suffer every winter.
“But a power is only as good as the politicians who use it and households need a permanent social tariff framework written into law. Where the Bill falls short, the End Fuel Poverty Coalition will urge MPs to make amendments to drive down energy costs, improve energy security and strengthen consumer protections.”
The Bill will put an end to new licences for exploring new oil and gas fields, which sea protection charity Oceana UK says is a “victory for our ocean”.
Hugo Tagholm, Executive Director of the charity, said: “If the Bill goes through as planned, the UK will be able to take its place on the international stage as a leader in reliable renewable energy and early and effective decommissioning, letting our highly skilled energy-sector workers lead the charge.
“As our seas recover, they will help provide vital coastal livelihoods and build climate resilience. They will help create our future, as they always have done.”
However, the legislation still supports the continued production from existing licensed areas.
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