B825 - Energy Market Reform Bill 2015 Watch

This discussion is closed.
Birchington
Badges: 20
Rep:
?
#1
Report Thread starter 4 years ago
#1
B825 - Energy Market Reform Bill 2015, TSR Government

Energy Market Reform Bill 2015
An Act to strengthen British energy market by increasing storage capacity and promoting renewable energy

BE IT ENACTED by The Queen's most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:-

1: Definitions
(1) "Green Industry" is defined to be the area of business that is focused on sustainable energy and the reduction of environmental damage.
(2) Tax Credits allow companies to reclaim up to 50% of capital costs and R&D costs associated with a project that has been granted 'priority status' by the DECC.

2: Implementation
(1) Introduce £500 million tax credits for companies which wish to build Gas Storage Terminals
(2) Mandate OFGEM to ensure the private sector has the equivalent of 50 days of gas reserves at all times.
(3) Introduce £500 million tax credit for companies which wish to build LNG Import Terminals
(4) Commit £500 million in Interest free Loans and a further investment £1 for each £20 the private sector invests in the Severn Barrage project up to a maximum of £1000 million
(5) Introduce a £100 million grant for British Universities to be awarded on a competitive basis for research into nuclear energy and nuclear technology
(6) Cut Green Levies on household bills by £100 million

3: Commencement, Short Title and Extent
(1) This Act may be cited as the Energy Market Reform Act 2015.
(2) This Act shall extend to the United Kingdom; and
(3) Shall come into force on the 1st of January 2016.


Notes
Nuclear Energy is a secure and viable source of energy to meet the energy demands of the United Kingdom in the medium term whilst other forms of renewable energy become more competitive in the long term.

http://www.ukoog.org.uk/knowledge-ba...t-its-gas-from
http://en.wikipedia.org/wiki/Energy_...7energy_gap.27
http://www.telegraph.co.uk/finance/n...acilities.html
http://www.timera-energy.com/content...astructure.jpghttp://www.ft.com/cms/s/0/9bc03bb6-2...#axzz3b0NFFlz2

Some experts have suggested the UK will face a energy gap in the winter of 2015. To address this this government aims to increase storage capacity of gas and make it easier to import gas from non-Russian sources.

This will be funded from the existing £2.7 billion DECC capital budget.
0
Jammy Duel
  • Political Ambassador
Badges: 21
Rep:
?
#2
Report 4 years ago
#2
Nay, not with all those tax credits
0
Aph
Badges: 22
Rep:
?
#3
Report 4 years ago
#3
Birchington I know that technically they are still in government but is it really appropriate for this to be called a government bill when the government has been vonc'd?
0
Aph
Badges: 22
Rep:
?
#4
Report 4 years ago
#4
Also this is encouraging climate change and is a massive step back!!! Nay
0
United1892
Badges: 12
Rep:
?
#5
Report 4 years ago
#5
Aye.
0
Birchington
Badges: 20
Rep:
?
#6
Report Thread starter 4 years ago
#6
(Original post by Aph)
Birchington I know that technically they are still in government but is it really appropriate for this to be called a government bill when the government has been vonc'd?
I have decided that the single-party Labour government will remain in place for the final few days before the new coalition is announced. You could consider it as a caretaker government.
0
Aph
Badges: 22
Rep:
?
#7
Report 4 years ago
#7
(Original post by Birchington)
I have decided that the single-party Labour government will remain in place for the final few days before the new coalition is announced. You could consider it as a caretaker government.
So can it be assume that should labour not get into government then The next government will be responsible for second readings and not TSR labour?
0
Saracen's Fez
Badges: 20
Rep:
?
#8
Report 4 years ago
#8
Aye.
0
Saracen's Fez
Badges: 20
Rep:
?
#9
Report 4 years ago
#9
(Original post by Aph)
So can it be assume that should labour not get into government then The next government will be responsible for second readings and not TSR labour?
No, it would be a second reading under the Labour name.
0
Birchington
Badges: 20
Rep:
?
#10
Report Thread starter 4 years ago
#10
(Original post by Aph)
So can it be assume that should labour not get into government then The next government will be responsible for second readings and not TSR labour?
The government subforum will be wiped upon the announcement of the new coalition.

All bills currently there will become the property of the party that wrote them. Second readings may be submitted by Labour outside of government, unless they wish to work with the new government and submit them as a joint bill. This ensures a new government cannot claim and submit bills they didn't write.
0
Andy98
  • Study Helper
Badges: 20
Rep:
?
#11
Report 4 years ago
#11
Nay. We should be encouraging renewables, not discouraging

Posted from TSR Mobile
0
thehistorybore
  • Political Ambassador
Badges: 18
Rep:
?
#12
Report 4 years ago
#12
Nay; this is an unnecessarily massive expense and its something that companies should be doing without our intervention.
0
Jammy Duel
  • Political Ambassador
Badges: 21
Rep:
?
#13
Report 4 years ago
#13
And also, if this is being funded by the existing DECC capital budget, what is losing its funding for this?
0
Wellzi
Badges: 16
Rep:
?
#14
Report 4 years ago
#14
Nay, an unnecessary expense.
0
Tahret
Badges: 5
Rep:
?
#15
Report 4 years ago
#15
We wouldn't need massive gas reserves if there wasn't risk of strike from unions. Nay. Just maim the unions instead.
0
username1524603
Badges: 14
Rep:
?
#16
Report 4 years ago
#16
We could always solve the energy crisis by closing the wind farms and all removing all subsidies paid to them, to instead focus on clever ways of generating energy, for example, those turning doors you walk push when walking through could have a motor in to generate electricity, toilets could have a device in that turns with the flow of flushing water, water pipes transporting water around the country could have a similar device in, and rollers flush in the road of a busy motorway could turn when a car drives over them generating power. Each method would not generate a lot of power but if they were all used widely across the country there could be significant reductions in the demand for nuclear and fossil fuel energy.
0
James222
Badges: 3
Rep:
?
#17
Report 4 years ago
#17
(Original post by Aph)
Also this is encouraging climate change and is a massive step back!!! Nay
(Original post by Andy98)
Nay. We should be encouraging renewables, not discouraging

Posted from TSR Mobile
It does encourage renewable energy
http://www.walesonline.co.uk/news/wa...e-25bn-5853708

Whilst at the same time addressing the storage gap for the coming winter
0
James222
Badges: 3
Rep:
?
#18
Report 4 years ago
#18
(Original post by Nigel Farage MEP)
We could always solve the energy crisis by closing the wind farms and all removing all subsidies paid to them, to instead focus on clever ways of generating energy, for example, those turning doors you walk push when walking through could have a motor in to generate electricity, toilets could have a device in that turns with the flow of flushing water, water pipes transporting water around the country could have a similar device in, and rollers flush in the road of a busy motorway could turn when a car drives over them generating power. Each method would not generate a lot of power but if they were all used widely across the country there could be significant reductions in the demand for nuclear and fossil fuel energy.
Its a Storage gap not a production gap smalll difference.
0
James222
Badges: 3
Rep:
?
#19
Report 4 years ago
#19
(Original post by thehistorybore)
Nay; this is an unnecessarily massive expense and its something that companies should be doing without our intervention.
http://www.telegraph.co.uk/finance/n...acilities.html

Well when we have market failure its the job of goverment to intervene. The market will go for the easiest option of importing gas from Russia, public policy should aim to diversity our energy imports

Is it really a massive expense ? if £1 of goverment tax credits leads to £10 of Private Sector Investment ?

Give me a example of any industry in any developed country that is succesful with out Govt support.
0
Aph
Badges: 22
Rep:
?
#20
Report 4 years ago
#20
(Original post by James222)
It does encourage renewable energy
http://www.walesonline.co.uk/news/wa...e-25bn-5853708

Whilst at the same time addressing the storage gap for the coming winter
- invests in LPG
- invests in gas
- Cuts green levies
- invests in a tidal barrage which will be catastrophic for the severn
0
X
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

How many universities have you heard back from?

0 (75)
14.94%
1 (69)
13.75%
2 (65)
12.95%
20.52%
20.32%
5 (88)
17.53%

Watched Threads

View All
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise