New energy law could save the UK up to £12 billion per year on energy costs

A new energy bills that focuses specifically on energy efficiency could help the UK save up to 12 billion pounds per year in energy costs, various organizations and groups have argued.

The proposed ‘Cost Effective Energy Measures Bill’ aims to promote measures including energy efficiency, community energy and more efficient use and production of energy in and from buildings.

It is supported by a variety of organizations, including the Sustainable Energy Association (SEA), the Association for Decentralised Energy (ADE), National Energy Action (NEA) and Co-operative Energy.

The organisations said if the bill becomes law “it would require the Secretary of State for Energy and Climate Change to draw up a ‘Cost Effective Energy Measures White Paper’, namely a national strategy to promote and accelerate the use of cost effective energy measures”.

They claim the project, which is also backed by 60 MPs, would help the UK save money, ensure energy security, support the nation’s carbon reduction targets of 80% by 2050 and end fuel poverty.

It would also create more than 100,000 jobs per year between 2020 and 2030, states the report.

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