The government has urged MPs to support energy legislation, claiming it will “provide the certainty low-carbon investors need” to stimulate decades of investment in the UK power sector.
Ministers insisted it was the solution to the “urgent challenge in keeping the lights on”.
Energy secretary Ed Davey said: “The Energy Bill will lead to a massive decarbonisation of the power sector by 2030 and will enable the UK to cut its economy-wide emissions by 50 per cent by 2030.
“We are also legislating to set a decarbonisation target range for the power sector in 2016, something no political party had in their manifesto, but an issue that this government has addressed head-on.”
Mr Davey added that it would stimulate “£110bn private sector investment into the economy, which will drive growth and jobs”.
“It will also make our energy market fairer for consumers,” he said.