Energy UK comments on NAO's review of LCF
Following National Audit Office's (NAO) report on the Levy Control Framework (LCF), Energy UK has issued the following statement.
Lawrence Slade, chief executive of Energy UK, said:
“The Levy Control Framework (LCF) has been a necessary vehicle for setting out funds available to invest in the path toward a lower carbon economy. However, we must be aware of the impact this has on consumer bills. The National Audit Office sets out many important recommendations for government to develop a sufficiently transparent, stable and predictable policy framework that would lower the cost of investment.
“A clear indication from government about the future mechanics of CfD allocation rounds would allow for projects to be ready, create competition in the allocation round and be built at least cost to the consumer.”