Responding to the Government’s new Industrial Strategy and Clean Energy Industries Sector Plan, Dhara Vyas, Energy UK’s chief executive, said:
“Energy UK welcomes the Government’s new Industrial Strategy and Clean Energy Industries Sector Plan, which rightly recognise the pivotal role energy will play across the whole economy, powering growth through digitalisation and electrification, boosting regional prosperity and delivering economic security and resilience.
“Stable, affordable energy prices will help ensure that the UK remains a competitive place to do business, and in an increasingly uncertain global operating environment, clean power will deliver energy security. Focusing on priority technologies where the UK has global expertise will deliver a strong competitive advantage for our businesses and economy.
“We know the investment necessary to decarbonise the economy will mostly be funded by the private sector. Clarity on Government policy, removal of the barriers to investment and targeted support are all essential to meet this ambition.
“We welcome the Government’s move to reduce bills further for the most energy intensive companies, and to remove some policy costs from key sectors partly funded by ETS revenues, something industry has long called for. It will be important to ensure the full costs are fairly paid for, and don’t increase costs for other consumers.
“It is also essential to support SME’s to decarbonise, electrify and ultimately reduce their energy costs.
“With such an ambitious programme, the policy frameworks which underpin the Clean Power Action Plan must be fully aligned with the wider Industrial Strategy, and Government should continue to work across department to ensure a joined-up delivery, unlocking investment and accelerating our progress towards a cleaner, more competitive economy.
“Energy UK will continue to work closely with Government and other sectors across the business community to make the strategy a success.”
ENDS
- Energy UK response to the Industrial 2035: Energy UK’s response to Invest 2035: The UK’s Modern Industrial Strategy – Energy UK
- Energy UK’s paper on reducing non-domestic electricity prices: Reducing non-domestic electricity prices to drive economic growth – Energy UK
- Energy UK’s paper on Corporate PPAs: Maximising the Corporate Power Purchase Agreement market – Energy UK
