The landmark Energy Security Bill, announced as part of the Queen’s Speech, will be introduced into Parliament today by Business and Energy Secretary Kwasi Kwarteng. Measures set to be introduced include:
- Support for the deployment of low carbon technologies at scale such as carbon, capture, usage and storage (CCUS) and hydrogen.
- Encouragement for the deployment of heat networks and driving down the cost of ultra-efficient electric heat pumps.
- Powers to enable the extension of the energy price cap beyond 2023.
- Protection for consumers against increasing network prices, including, for the first time, the heat networks market.
- Powers to prevent fuel supply disruption, such as from industrial action, malicious protest and for reasons of national security.