Energy UK comments on Conservative manifesto
Following the Conservative Party publishing its manifesto for the 2017 General Election. Energy UK has issued the followed statement.
Lawrence Slade, chief executive of Energy UK said:
"The energy industry stands ready to work with the next government to help deliver an energy system that works for everyone.
"Targeting support for vulnerable customers and making sure the market works fairly for everyone are the right priorities, and the industry is absolutely committed to working with government and the regulator to achieve this. Smart meter rollout and making switching easier are core to improving the market, but must be done efficiently. We strongly believe that competition and choice is the best way to deliver a better deal for customers. It is essential that any price cap is carefully designed in partnership with industry and consumer groups to protect consumers.
"The planned review of energy costs must be done in the fastest possible way to provide policy clarity to the investment community. It should facilitate an honest debate around the costs of decarbonisation, tackling fuel poverty, how to target support for the vulnerable and deliver security of supply - and how these are to be paid for.
"The next government must act on its commitments to the Climate Act 2008 and the Paris agreement. This requires a stronger pursuit of decarbonisation and flexibility within the energy mix, using the least-cost sources of energy with an appreciation of the diverse range of sources for Britain’s energy production. It’s encouraging to see opportunities for onshore wind development in Scotland, but we’d like this to go wider and further. The energy sector now needs long-term policy stability in order to plan for the future, secure investment and to maintain a path towards a low-carbon economy."