23 Jul '12, 7am

MPs slam government's "unworkable" electricity market reforms | Business Green: #GetCBE

MPs will today deliver the strongest criticism yet of the government's energy policies, accusing the Treasury of rendering proposed electricity market reforms "unworkable". In a scathing report, the Energy and Climate Change Select Committee says the draft energy bill designed to drive cost-effective low carbon generation will instead impose unnecessary costs on consumers, hamper competition and deter investment. FURTHER READING Coalition divided over Osborne's gas vision Is the Treasury trying to wreck the green economy? It says the lack of specific outcomes from the long-running electricity market reform process has left investors in the dark as to what the government is hoping to achieve with the new Energy Bill. It adds that ministers should explicitly link the legislation to the UK's legally binding carbon budgets in order to provide businesses with a clear signal tha...

Full article: http://www.businessgreen.com/bg/news/2193260/mps-slam-gov...

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