Responding to the Chancellor’s Spending Review, Energy UK’s chief executive Dhara Vyas said:
“Today’s Spending Review has confirmed the Government’s commitment to its clean energy ambitions. Investing in clean power generation at home and the technologies of the future is vital for our future energy security while the Government is also honouring its manifesto funding commitment to upgrade millions of properties across the country through the Warm Homes Plan.
“The significant investment in nuclear through support for Sizewell C, the Small Modular Reactor (SMR) programme and research in fusion will bolster our energy independence and help power our economy, businesses and homes over the coming decades as well as creating jobs, growth and opportunities throughout the UK. The funding for the Acorn and Viking carbon capture projects means we can reap the rewards from taking the lead in this developing technology which will also play a crucial role in supporting the transition of our industries to clean energy – while GB Energy has the potential to support further exciting innovation in communities across the country.
“It’s also very important that millions of customers will see a direct benefit from today’s announcements. By reaffirming the funding to improve the energy efficiency of millions of homes and supporting the switch to cleaner heating alternatives, customers can expect warmer and more comfortable homes, cleaner air and cheaper bills – showing how the energy transition can improve their daily lives.”