Energy UK responds to the Budget 2018

Responding to the Budget 2018, Energy UK’s Chief Executive Lawrence Slade said: 

“We welcome the clarity government has provided on Carbon Price Support (CPS) rates up to 2020-21. While it is not our preferred solution we are encouraged by the intention to maintain a carbon price signal in the case of a “no deal” Brexit scenario. Energy UK believes that maintaining a robust carbon price signal is critical to boost the confidence of potential investors in low-carbon generating technologies.

“It is also encouraging to hear that government will be investing in business energy efficiency with the announcement of the Industrial Energy Transformation Fund, and a call for evidence on a new Business Energy Efficiency Scheme.”