Overview

This bill mandates the creation of a national strategy for cost-effective and efficient energy use in the UK. The strategy must address carbon reduction targets, energy security, and ending fuel poverty, prioritizing cost-effective measures that improve energy efficiency and boost domestic and community energy production.

Description

The bill requires the Secretary of State to develop and publish a national energy strategy within 12 months of the Act's passage. This strategy must detail measures to:

• Meet the UK's 2050 carbon emissions target (Climate Change Act 2008).
• Fulfill carbon budgets set under the Climate Change Act 2008.
• Ensure energy security for the UK.
• Eliminate fuel poverty.

These measures must be cost-effective, promote energy efficiency and demand management, and increase energy production from buildings and community energy schemes. Prior to developing the strategy, the Secretary of State must conduct a cost-benefit analysis of potential measures, comparing lifetime costs and benefits and considering how costs might reduce with increased deployment. Consultation with relevant organizations and individuals is also required. A scheme to implement the strategy must be introduced six months after the strategy report is published. The bill applies to England and Wales, with differing commencement dates.

Government Spending

The bill doesn't specify exact figures for government spending. However, implementing the strategy's measures (e.g., subsidies for energy efficiency improvements, support for community energy projects) will likely involve significant government expenditure, the exact amount depending on the chosen measures and their scale.

Groups Affected

This bill will affect numerous groups:

• Energy Consumers: Potential changes in energy prices and policies related to efficiency improvements.
• Energy Producers: Potential impact on energy generation methods and market share, especially concerning the promotion of community energy schemes.
• Community Energy Groups: Increased opportunities for community-based energy projects.
• Government: Significant responsibility for developing and implementing the strategy, along with associated costs.
• Fuel-poor households: Directly benefited by the strategy’s aim to end fuel poverty.

Powered by nyModel