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The Government has reached a landmark agreement on energy policy that will deliver a clear, durable signal to investors, Edward Davey announced. The Energy and Climate Change Secretary said: “This is a durable agreement across the Coalition against which companies can invest and support jobs and our economic recovery. The decisions we’ve reached are true to the Coalition Agreement, they mean we can introduce the Energy Bill next week and have essential electricity market reforms up and running by 2014 as planned.”,,,, The amount of market support to be available for low carbon electricity investment (under the Levy Control Framework) up to 2020 has also been agreed. This will be set at £7.6 billion (real 2012 prices) in 2020, which corresponds to around or £9.8 billion (nominal 2020 prices).
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