UK Energy Bill Gets Royal Stamp of Approval

12 April 2010 (Last Updated April 12th, 2010 18:30)

The UK energy bill has received royal assent making it the Energy Act 2010 to promote CCS technology for coal-fired power stations. The Act will promote carbon capture and storage (CCS) technology by providing financial incentives for at least four commercial scale demonstration project

The UK energy bill has received royal assent making it the Energy Act 2010 to promote CCS technology for coal-fired power stations.

The Act will promote carbon capture and storage (CCS) technology by providing financial incentives for at least four commercial scale demonstration projects on coal-fired power stations.

The bill will also support the retrofit of additional CCS capacity to the projects, if necessary for the future.

The Act will tackle fuel poverty by creating a framework that requires firms to make available funds of at least £300m ($462m) per year by 2013-14 to support vulnerable consumers.

The Act also aims to provide guidance and direction to firms on the types of households eligible for future support and also on the type of support.