Energy policy: future challenges
On 12 December 2008, the House of Commons Business and Enterprise Committee published a report which addresses recent developments within the energy sector.
The report considers the implications of Ofgem’s energy supply probe; the government’s launch of a £1 billion package to tackle fuel poverty; and the creation of the new Department of Energy and Climate Change.
It highlights several key areas that require urgent attention in the near future:
- The need for intervention to ensure rapid investment in gas storage;
- The likelihood of timely investment in new electricity generating capacity and network infrastructure;
- Interventions to improve liquidity in the wholesale gas and electricity markets;
- The development of new initiatives to promote small and large-scale renewables;
- The government's framework for managing its current nuclear liabilities and those arising from new nuclear build;
- Implementation of Ofgem's supply probe recommendations to ensure domestic and small business customers are treated fairly;
- The government's future strategy on fuel poverty;
- The effectiveness of the current energy market regulatory framework.
Energy policy: future challenges (PDF)
