RenewableUK is recommending a number of key measures for the Government to include in its Energy Independence Bill, which was announced in the King's Speech today. RenewableUK's CEO Tara Singh said:
"This Bill is a real opportunity to cut electricity bills and strengthen energy security by further lowering the cost of building renewables.
"That means removing avoidable delays in planning, changing the tax treatment of wind projects so that investment costs can be recovered earlier - reducing financing costs and the price power is sold at - and legislating for a national hydrogen network to unlock long duration energy storage.
"The prize of getting this right is cheaper, more secure energy built here in Britain, and less exposure to gas price shocks beyond our control."
For media enquiries please get in touch with our press team at media@renewableuk.com
This email address is for accredited journalists only and not for general enquiries.
Robert Norris, Head of Communications
07969 229 913 | Robert.Norris@RenewableUK.com
RenewableUK is the voice of the UK's renewable energy industry. Representing close to 500 companies spanning the full supply chain, our members develop, operate and maintain the UK's wind, tidal, storage and flexibility infrastructure. By connecting industry and policy makers, we strengthen the UK's global leadership in renewables, building a secure, affordable and sustainable energy future.
