The voice of the energy industry

Energy UK on profits in the industry

Responding to the Labour party's energy statement, Angela Knight CBE, Chief Executive of Energy UK, said:

“This is a disappointing and inaccurate bashing of an industry which brings heat and light to 27 million homes and business, pays billions each year to the Exchequer and creates employment for over 600,000 people.

If a company is to stay in business it has to make a profit. And the more a company has to invest then it has to make more profit to do so.

What is actually needed is a clear, sensible and coherent debate on what people want, how much wind power and how much gas, nuclear and coal is needed, what capacity is required and, critically, how much people are prepared to pay for it all. Petty point scoring has no place in the adult discussion and decision making required.”

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