Energy Act 2023


The Energy Act 2023 is an act of the Parliament of the United Kingdom
The act's aim is for the security and independence of energy supply in the United Kingdom using different methods, including nuclear, oil, gas, hydro and wind. In turn, it is hoped that people's energy bills will decrease after this.
The act received royal assent on 26 October 2023.

Contents

The Energy Act 2023 contains 14 main parts.
The act established the National Energy System Operator.

Parliamentary passage

The bill for the act was introduced in the House of Lords on 6 July 2022 by Lord Callanan, piloted through the House of Commons by Grant Shapps, and had its third reading in the House of Commons on 5 September 2023. The act was considerably amended through both Houses of Parliament, and is one of the largest pieces of energy legislation to ever be created.
During the passage of the bill, conflicting amendments were tabled by different groups of Conservative MPs.

Implementation

The name of the Independent System Operator and Planner was later announced to be the National [Energy System Operator], to be operational on the 1 October 2024.