ENERGY BILL AT A GLANCE
The new draft Energy Bill, combined with parts of the Finance Bill 2011, is the biggest change to the UK energy market in decades
It aims to secure Britain’s energy supply by diversifying into green power, domestic gas and shoring up the nuclear sector
The government reckons it can attract £110bn of new energy investment – twice the level seen in the last decade
New market mechanisms will be brought in to encourage producers, such as a guaranteed minimum price for green power
The average household bill is forecast to rise £100 a year by 2030, in part due to higher spending on power infrastructure. But DECC believes bills will actually start to fall by the end of this period, as Britain is better protected from the volatility of the energy markets
A separate plan for Britain’s gas supplies, which “continue to play a major role”, is due to be published in September
Plans were also set out to sell the Ministry of Defence’s 2,500-kilometre long aviation fuel network, built in 1939, to help reduce public debt and encourage private investment