The Energy Bulletin: Regulations round-up June 2017

queens speech, energy, energy market

The Queen’s Speech – Legislative Agenda for 2017/2018

On the 21st June the Queen confirmed the legislative agenda for the Government for the 2017/2018 and 2018/2019 parliamentary sessions comprising 27 Bills and draft Bills.

In respect of energy, there is no legislation on the retail price cap; the speech referenced “bringing forward measures to help tackle unfair practices in the energy market to help reduce energy bills” which will come in the form of a green paper that closely examines markets (energy and others) which are “not working fairly for consumers”. The document provided by No 10 highlighted:

“Progress has been made in recent years to improve competition in the energy retail market, but it is clear that more needs to be done. That is why we are legislating to allow the Government to continue to support the effective and efficient completion of the smart meter roll-out, putting customers in control of their energy use. We will also support initiatives to improve switching and transparency in the market.”

 

The speech also commits to a smart meter bill that will extend powers to make changes to smart regulations by a further five years; this is to ensure the roll-out is delivered effectively.  It will also put in place a Special Administration Regime to protect the operation of the national smart meter service if the provider becomes insolvent.

Explanatory notes provided by Number 10