Investment in the power and gas sector increased to over £11 billion last year, according to a preliminary report from Ernst & Young, commissioned by Energy UK.
It shows investment has been increasing over the past five years, with a similar trend in employment. Between 2008 and 2011, direct employment in the industry grew from 83,000 to 137,000.
It also highlights how the economic benefits from the sector's activities are widely distributed across the UK.
Ernst & Young conclude that: "This recent performance highlights the critical role that the sector could have in the UK's economic recovery, as well as the imperative to maintain the policy momentum being built up in order to provide a robust context for the imminent round of even greater investment decisions."
This short report was published at a parliamentary reception this week. The full report will be available after the summer.
Read Powering the UK - July 2012 (PDF 900KB).
