The UK’s Energy Act received Royal Assent today, i.e. it became a law.
This Act will establish a legislative framework for delivering secure, affordable and low carbon energy.
The Secretary of State for Energy and Climate Change introduced the Energy Bill to the House of Commons alongside the Annual Energy Statement last year.
RenewableUK’s Chief Executive Maria McCaffery commented:
“This has been a long and sometimes arduous process for everyone involved but we recognise that the Energy Bill has now become legislation and the framework for development beyond 2017 is known.
“There are issues still outstanding to be resolved through secondary legislation, and in the face of very challenging strike prices there is still much work to be done between Government and industry to ensure that obstacles are removed and much needed clean and domestic sources of energy can come forward over the next decade.
“Developing our domestic energy sources protects us from fluctuating fossil fuel prices, and could create tens of thousands of highly-skilled jobs over the next decade” .
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Press release, December 18, 2013