Session 2010-11
Other Public Bills before Parliament
Bill Home Page

Energy Bill [HL]


AMENDMENTS
TO BE MOVED
ON REPORT

Clause 15

LORD JENKIN OF RODING

Page 12, line 40, leave out paragraph (c)

After Clause 101

LORD LEA OF CRONDALL

Insert the following new Clause—

“Part 4A Energy revenues, taxes and subsidies: equitable price effects

Energy revenues, taxes and subsidies: equitable price effects

(1) The Treasury shall publish an annual financial abstract of all fiscal and quasi-fiscal instruments, including revenues, tax expenditures and subsidies, which relate to the supply of energy, including hydrocarbons.

(2) The Office for Budget Responsibility shall produce annual assessments, having regard to each carbon budgetary period specified under the Climate Change Act, of the incidence on each sector of the economy, including—

(a) manufacturing and services;

(b) public and private transport, including

(i) road travel (by bus and private vehicles),

(ii) rail and air travel (both personal and freight);

(c) home and industrial heating.

(3) The Office for National Statistics shall publish in easily assimilable form an assessment of how each fiscal instrument or market intervention affects consumers with different levels of income.

(4) Both assessments shall be tabled for discussion at a periodic forum of industry, trade unions, consumers and other stakeholders. The forum shall publish its minutes and executive summaries of documentation shall be circulated widely.”