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Energy Bill [HL]

37A: After Clause 101, insert the following new Clause— ““PART 4A Energy revenues and taxes: price effects Statement on energy revenues, taxes and subsidies (1) The Treasury shall publish an annual financial statement of all fiscal instruments, including revenues, tax expenditures and subsidies, currently in force which relate to the supply of energy, and the quantum of money generated or provided by each of them. (2) The statement shall also list any relevant regulations relating to those fiscal instruments. (3) The Treasury shall also publish, along with the statement, an assessment of the degree to which each fiscal instrument differentially affects consumers with different levels of income. (4) The statement published under subsection (1) must assess the effect of any revenue, expenditure or subsidy on the Energy component of the Retail Prices Index, and must specify what effect those fiscal instruments have distinct from other impacts on the energy component.””