The Energy Act 2023: What is it and why is it important?

On 26th October, the Energy Act 2023 became law. Announced as the most significant piece of legislation for the sector in a generation, it promises to support the UK’s transition to net zero, strengthen UK energy security and promote affordable energy bills for consumers in the long term. Industry bodies have warmly welcomed the act, saying it will lay the foundation for a modernised and low-carbon energy system underpinned by renewable generation. 

This Dods Political Intelligence report provides a one-stop guide to the new legislation, including key elements and a range of stakeholder reactions.

“The Energy Act shows a clear direction of travel towards a decarbonised and more efficient power system, with improved energy security and consumer affordability,” says Jack Green-Morgan, Dods Political Intelligence consultant for energy and climate change, and author of the report.

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