Posted on: 20/12/2016
The UK Government should reintroduce an annual energy statement to help restore confidence over security of supply, according to the EEF manufacturers’ trade body.
A new report by the organisation, entitled “Upgrading Power: Delivering a Flexible Electricity System”, found only a third of companies think ministers have a long-term energy strategy.
It argues an annual statement should outline key policy mechanisms, funding choices and “provide an unequivocal understanding of the government’s vision for energy policy and decarbonisation”.
Claire Jakobsson, Head of Climate & Environment Policy at EEF, said: “Whilst there has been significant attention paid to how we supply our electricity there continues to be too little focus on how and when we use it.
“Taking action on this will save significant sums of money, both for the system as a whole and companies.”
The EEF also wants a full strategy for closing coal-fired power stations, details on support for low-carbon generation and for the National Infrastructure Commission to look at carbon capture and storage.
She added: “Manufacturers’ confidence in the Government’s management of security of supply is tepid at best.
“The past 18 months have been a high degree of uncertainty in the energy market as a result of numerous policy changes, the Brexit vote and two new administrations in a short period of time.
“Decisions on new nuclear and coal phase out have started to steady the ship, we need a meaningful annual statement that sets out a clear and stable direction of travel for energy policy as part of an overarching industrial strategy.”
> See the EEF's statement