Thank you for contacting me about the Energy Bill.
As you are aware, in reaction to Putin’s invasion of Ukraine in February 2022, global energy prices soared to unprecedented levels. The Government acted swiftly last winter to help UK families and businesses, covering around half a typical household’s energy bill and around half of wholesale energy costs for some businesses. In 2023, the Government also published 'Powering Up Britain’ which reconciles our Energy Security Plan with the Net Zero Growth Plan to transform our energy system, achieve net zero by 2050 and boost economic growth. Importantly, it promotes greater energy independence through low-carbon technologies.
The Government’s landmark Energy Bill is essential to this transformation. The Bill aims to increase the resilience and reliability of UK energy systems, support the delivery of climate change commitments while minimising consumer costs and providing protection against unfair pricing. To enable this, the Bill is structured around three key pillars: liberating investment in clean technologies; reforming the UK’s energy system so it is fit for the future; while maintaining the safety, security and resilience of the UK’s energy sources.
I believe we need to reduce dependency on energy from abroad. I understand that the UK will continue to invest in renewable technologies and find ways of increasing home energy efficiency across the country.
Thank you once again for taking the time to contact me.