Crucial UK power market reforms on Queen's legislative list

The UK government will use the new session of parliament to pursue its much-anticipated Energy Bill, ending speculation of delays to the Electricity Market Reform (EMR) package that is intended to tilt the power market in favour of low-carbon sources.

In her traditional speech outlining the government’s forthcoming legislative agenda, Queen Elizabeth II said the ruling coalition “will propose reform of the electricity market to deliver secure, clean and affordable electricity, and ensure prices are fair”.

The Queen also confirmed the government will establish the Green Investment Bank, which will be headquartered in Edinburgh and seeded with an initial £3bn ($4.84bn) of public money.

A spokeswoman for the Department of Energy and Climate (DECC) immediately hailed the speech as "crucial legislation".

By the end of the month DECC will publish a draft Log in to read complete article.

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