Energy Bill outlined in Queens Speech

The government has confirmed that there will be both an Energy Bill and a Flood and Water Management Bill in the legislative programme for the coming Parliamentary session.
Both bills were highlighted in the Queen's Speech today after the State Opening of Parliament. 
The energy legislation will require mandatory social price support (possible in the form of a bill rebate) to help vulnerable households and help combat fuel poverty. 
It will also make clear that Ofgem must include the reduction of carbon emissions and the delivery of secure energy supplies in the regulator's assessment of the interests of consumers.
As well the watchdog will be expected to "step in proactively" to protect consumers as well as considering longer term actions to promote competition.
In addition Ofgem will be given additional powers to tackle market exploitation where companies take advantage of constraints in the electricity transmission grid.
Its powers will be further strengthened by extending the time limit from 12 months to five years within which Ofgem can impose financial penalties for breaches of licence conditions.