Energy Act 2023 comes into force

On Thursday 26 October, the Energy Bill received Royal Assent and is now the Energy Act 2023. In a release on the same day, the government said that the Energy Act will transform the UK’s energy system by strengthening energy security, supporting the delivery of net zero and ensuring household bills are affordable in the long-term. It highlighted several measures within by the Act, including: increasing competition in GB’s onshore electricity networks, through a new tender process; expanding Ofgem’s remit to heat networks; updating Ofgem’s remit so that it considers net zero targets as part of everyday decisions; and establishing the Future System Operator.