The Energy Bill, which intends to encourage £110bn of investment in low carbon generation this decade, has been unveiled by Energy Minister Ed Davey.
Crucially, the government says that big energy intensive companies will be exempt from fitting the bill for the switch to investing in low carbon energy sources. The long-awaited Bill will offer energy generators long term contracts guaranteeing prices for electricity from new power plants. These will be paid for by levies on electricity bills. The…
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