The Energy Bill, which is due to receive its Third Reading in the House of Commons tomorrow, enables a massive decarbonisation of the power sector by 2030, with the emissions intensity of the power sector rapidly reduced, and a new generation of clean power plants to be built, ensuring the UK can cut its greenhouse gas emissions by 50% by 2030.

All the elements of the Bill which include the introduction of a Capacity Market, long-term Contracts for Difference, and an Emissions Performance Standard to prevent use of unabated coal, have been designed to keep the lights on, reduce emissions and unlock private sector investment in a low-carbon energy mix of renewables, new nuclear, CCS and gas.

Read the full press notice on the DECC website.