Chief executive of EDF Energy Vincent de Rivaz says the majority of electricity and gas providers support draft energy bill reforms.
The changes were announced after a hearing of the Energy and Climate Change Select Committee.
Mr de Rivaz said five out of the six major UK energy suppliers support the reforms.
Speaking to the committee, he stated: "The draft bill is needed. It sets out a package of reforms that sets the industry in the right direction to delivering affordable, secure and low carbon energy."
The group is undertaking a review of the energy bill before it becomes law.
Mr de Rivaz claimed the draft document will create a fair system for consumers while creating competition in the market and following industry legislation.
It also follows European Union environment laws.
Furthermore, the bill will hopefully encourage more investment in the nuclear sector, as well as renewable energy sources and low carbon technology.
Mr de Rivaz said EDF Energy has already committed millions of pounds to its nuclear energy plans and is keen to move the project forward.
The draft energy bill was published at the end of May and it aims to put measures in place that will lead to a £110 billion investment in the industry.
This will be used to replace current generating capacity and upgrade the national grid by 2020 so it can cope with a rise in demand.
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