The bill also aims to put in place a national framework to deliver a future with low carbon energy supplies and fair competition in the energy markets, according to the Queen.

The bill features implementation of a ‘green deal’ to deliver energy efficiency to homes and business, delivering a framework including potential incentives to energy suppliers and households that will transform the provision of energy efficiency in the country by enabling a ‘pay as you save’ approach.

Chris Huhne, secretary of energy and climate change, UK, said: “The energy bill is designed to help consumers put a stop to wasting energy in their homes through a green deal while making sure our energy system is fit for the 21st century.”

The bill may also introduce powers to regulate the carbon emissions from coal-fired power stations; put in place a framework to guide the development of a smart grid; and require energy companies to provide more information on energy bills.

It may also contain measures to ensure that North Sea infrastructure will be available to all companies to ease the exploitation of smaller and more difficult oil and gas fields.

The bill also aims to create a Green Investment Bank to support investment in low carbon projects to transform the economy.