In a speech for Business Green, Meg Hillier MP, Labour’s Shadow Energy and Climate Change Secretary, announced Labour are looking at the case for an independent energy advisory group in order to to support - and challenge - the Tory-led Government's low carbon strategy.
Meg Hillier said:
“On Tuesday the Government unveiled its electricity market reform. It is looking at tinkering with the market. But there is a worry that Government departments will continue to pull in opposite directions. That is why Labour is investigating the idea of an independent energy advisory group.
“Just as the Committee on Climate Change advises Government about climate targets, the independent energy advisory group could recommend the carbon floor price or recommend when and how energy auctions should take place.
“It would potentially give a degree of certainty to the market as it would need to take a long term view as well as dealing with issues of current supply need.
“The group would support consumers by guaranteeing a long term approach to energy policy, to ensure a low carbon policy for future generations, reducing Britain’s vulnerabilities to oil price shocks and the growing costs of high carbon fuels."