Industry calls for rapid action on Queen’s Speech energy measures

Industry calls for rapid action on Queen’s Speech energy measures

Leaders from across the energy sector have praised measure outlined in the Queen’s Speech to accelerate renewables and net zero efforts, but decried a lack of efficiency measures and short-term support for consumers.

Tuesday’s Queen’s Speech saw the UK Government vow to continue capping household energy bills beyond 2023 in a bid to ease a spiralling cost-of-living crisis, amidst a host of other measures aimed at shoring up cleaner, homegrown energy supplies.

Its Energy Security Bill also contained measures aimed at creating “state-of-the -art” business models for carbon capture usage and storage (CCUS), low carbon hydrogen and capturing carbon from industrial processes, and plans for a new UK Infrastructure Bank which would draw on £22 billion to help grow the economy and support the transition to net zero by 2050.