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News

Energy UK responds to the Autumn Budget 2024

Responding to today’s Autumn Budget, Dhara Vyas, Energy UK’s CEO-designate, said:

“Driving investment, growth and productivity were the focus of much of the Budget speech today and it was encouraging to hear the Chancellor underlining the role clean energy and our industry can play in an economic revival. In additional to earlier announcements like the removal of the onshore wind ban, the increased budget for new clean energy developments through the Contracts for Difference scheme and the establishment of GB Energy, we welcome further funding for emerging technologies with 11 new green hydrogen projects to add to that recently announced for carbon capture.    

As well as developing our sources of clean energy, we need to focus on how we use it, so the funding for the Warm Homes Plan is a positive step towards cutting bills by making more of our properties energy efficient. The industry looks forward to continuing to work with the Government to help deliver on its ambitions for clean, homegrown and secure energy.”