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Energy Bill [HL]

169: After Clause 101, 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 2008, 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; and the forum shall publish its minutes and executive summaries of documentation shall be circulated widely.””