Energy Independence Bill promises major reforms

The Government has promised a fairer energy system and cheaper bills for businesses and householders under new legislation.

It said the Energy Independence Bill is a “down payment on longer-term reforms that will fix Britain’s broken energy system”.

The bill will put the decision announced in the budget to shift 75% of domestic Renewables Obligation costs from energy bills to public spending on a “lasting legal footing”.

It will also give Ofgem tougher powers to crack down on rogue energy companies and bosses, including unfair bonuses, while regulating energy brokers to tackle mis-selling and hidden commissions, expected to save businesses around £100 million a year

Energy Secretary Miatta Fahnbulleh said: “Through this Bill, we will build a clean energy future which people feel in their pockets, households and communities, ensuring support reaches those who need it most.”