09 May '12, 1pm

electricity market reforms

So the rumour mill was wrong. The Energy Bill and its promised electricity market reforms made it into the Queen's Speech , and right near the top, alongside the commitment to introduce a Green Investment Bank, to boot. Those sources who suggested to the BBC that the bill was likely to be delayed to make way for Lords Reform look to have been mischief-making and the biggest shake-up of the UK's energy market for over two decades should now be completed within the next 12 months. The Queen's one line promising that her government will "propose reform of the electricity market to deliver secure, clean, and affordable electricity, and ensure prices are fair" represents a major victory for the green wing of the coalition, a huge boost to the burgeoning low carbon economy, and the long-awaited answer to the UK's looming energy crisis. Make no mistake, this is a hugely significa...

Full article: http://www.businessgreen.com/bg/james-blog/2173495/energy...

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