Crynodeb
The Energy Act 2023 is the largest energy legislation in UK history. It establishes the legal frameworks for carbon capture and storage, hydrogen production, and new nuclear technologies. It creates Great British Nuclear as a body to support nuclear development, reforms the energy licensing regime, and provides powers for the Independent System Operator and Planner (ISOP) to manage the electricity system. The Act supports the UK's transition to net zero by 2050.
Pwyntiau allweddol
- Establishes a carbon dioxide transport and storage licensing and regulatory framework (Part 1)
- Creates a hydrogen production business model with revenue support mechanisms (Part 2)
- Establishes the Independent System Operator and Planner (ISOP) for electricity and gas system planning (Part 4)
- Creates Great British Nuclear to support the development of new nuclear projects (Part 3)
- Reforms the energy licence modification process and strengthens Ofgem's enforcement powers (Part 5)
- Introduces powers for heat network zoning — areas where buildings must connect to heat networks (Part 8)
- Provides for regulation of carbon capture usage and storage (CCUS) and CO2 transport
- Reforms the offshore oil and gas decommissioning regime