Counterparty
The Government needs to work out who’s going to financially back its new scheme to pay for low carbon energy – and sooner rather than later, the head of an energy trade body said this week. Angela Knight, chief executive of trade body Energy UK derided official dithering over who will be the “counterparty” to […]
The Energy and Climate Change Committee welcomed the Government’s proposals for the Energy Bill but said there is “still room for improvement”. Energy Secretary Ed Davey announced the full details of the Bill yesterday and confirmed the decision to have a single counterparty for its Contracts for Difference (CfD) mechanism. This is expected to provide […]
Energy Secretary Ed Davey denied claims that consumer bills will rise under new proposals announced today. Mr Davey introduced the much-delayed Energy Bill at a Parliamentary session and said the Bill would see consumers pay less for energy in the long run. He stressed the new legislation will protect consumers, keep the lights on and […]
ELN’s Vicky Ellis discovers all there is about the energy bill or as much as Government reveals
So Ed’s at it today. Doing the rounds, battling the hacks as we try and convince him of a massive policy u-turn. But is that fair? The truth about today’s announcement and next week’s energy bill is this, we set an aspiration to be green when times were good and now the true cost of […]