The New Energy Bill – What Does It Mean?

June 24, 2013 - PRLog -- The planned reforms to the Energy Bill have come under fire from the House of Commons recently, with Baroness Worthington leading the criticisms of the proposed changes. Her comments were that the government was trying to ‘renationalise’ the electricity market instead of giving the market clearly defined outcomes. Baroness Worthington’s concerns are that the changes will lead do a discouragement of investors, only prolonging the existing lack of investment in the nation’s energy production.

According to Baroness Verma, the main proponent of the bill, this bill comes at a “critical time for the country”, with electricity demand expected to double over the next 40 years despite the closure of one fifth of the country’s generation capacity over the next decade. The bill is designed to not only secure the supply of electricity clearly needed by consumers, but also generate a further 250,000 jobs for the nation.

Despite concerns from many, new Energy Bill passed its second reading in the House of Lords on the 18th June, and will now move onto the committee stage scheduled to begin on the 2nd July. It is clear that this will be an important time for the Energy Industry as a whole, effecting both private and business consumers alike at a time when energy costs are at the forefront of the public consciousness.

Indigo Swan will also be keeping up to date with the information that comes from these changes to energy legislation, ensuring that their energy advisors have all the latest knowledge to advise businesses on their energy. Their energy purchasing service (http://indigoswan.co.uk/services/energy-purchasing-service/) works with businesses to empower business to find the best possible deal on their energy bills.

If you want to find out more about how the proposed changes may affect your business energy, or want help and advice with your energy contracts, then why not get in touch with Indigo Swan (http://indigoswan.co.uk/contact/) today?