The voice of the energy industry

Energy UK responds to the 2017 Autumn Budget

Responding to the Autumn Budget 2017, Energy UK chief executive Lawrence Slade commented: 

 
“Given the great advances the industry has made in delivering cleaner energy at the lowest cost to consumers, the lack of ambition from the government to build on this progress is disappointing and, coupled with the need to decarbonise heat, seems at odds with the plans set out in the recent Clean Growth Strategy.    
 
“Over half of generation now comes from low carbon sources and the recent CfD auction showed how far the cost of offshore wind has fallen - thanks to providing the necessary certainty for investment which drives down the cost of decarbonisation, benefits customers and the wider economy.  
 
“Postponing further support for renewables until 2025 denies the opportunity for other technologies and projects to follow suit and prevents taxpayers from reaping the benefits of the cost reductions their funding has made possible.”    

 

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