UK energy bill get royal assent
London (Platts)--22Jul2004
The UK energy bill is now law, having received royal assent Thursday, according to a House of Commons spokesman. The House of Commons had finished approving the latest amendments to the bill earlier this week, just in time to get everything wrapped up before members of parliament depart for their summer vacations at the end of this week. The energy bill establishes a new public body--the Nuclear Decommissioning Agency--to clear up old nuclear sites. It sets up a legal framework to support offshore wind farm developments. It reforms the UK power market to introduce a single wholesale electricity market for the whole of Great Britain, known as BETTA. And it sets out details such as how to implement a gas and power interconnector licensing regime and how to deal with energy companies that go bankrupt, as well as providing details on appeals against regulatory decisions. These features were in the bill from the start. There were big debates over possible additions in parliament.
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