A new Energy Bill was announced today (10 May) as part of the Queen’s Speech, to help the UK build a more secure, homegrown energy system that is both cleaner and more affordable.
The speech – which formally starts the parliamentary year – was presented by Prince Charles in the House of Lords chamber, and set out 38 new laws.
“My Ministers will bring forward an Energy Bill to deliver the transition to cheaper, cleaner, and more secure energy. This will build on the success of the COP26 Summit in Glasgow last year,” he read.
Decarbonising heat key focus
There are ten main elements of the Bill outlined, including supporting industry to step up investment in growing the consumer market for heat pumps. The government will look to set a new market standard and create a trading scheme, with this intended to help support innovation and help lower the cost of heat pumps over time.
Read more: Current+
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