Overview

The Energy Demand Reduction Bill mandates the Secretary of State to create and implement a strategy to significantly reduce the UK's energy demand across electricity, gas, and other fuels by specific targets in 2020 and 2030.

Description

This bill requires the Secretary of State to develop a strategy within 12 months of the Act's passing to reduce energy demand. Specific reduction targets are mandated:

• Electricity: At least 69 TWh by 2020 and a further 32 TWh by 2030.
• Gas: At least 74 TWh by 2020.
• Oil, coal, and other fuels: At least 53 TWh by 2020.

The Secretary of State is also obligated to implement this strategy. The bill applies to England and, subject to the Welsh Assembly Government's agreement, to Wales.

Government Spending

The bill doesn't specify direct government spending figures. However, implementing the strategy will likely require substantial investment in various programs and initiatives aimed at reducing energy consumption, the exact cost of which is not detailed in the provided text.

Groups Affected

The bill will affect numerous groups:

• Energy companies: May experience altered market conditions and potential impacts on profitability due to reduced energy demand.
• Consumers: May see changes in energy prices and potentially face incentives or regulations to reduce their energy usage.
• Businesses: May face new regulations and incentives to reduce their energy footprint.
• Government: Will bear the responsibility of designing and implementing the reduction strategy, potentially requiring significant resources.

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