Energy industry seeks Levy Control Framework transparency
The UK’s energy sector is prepared to give an affordable and reliable clean energy supply. This is the finding of a new report by Energy UK. Customers will remain at the centre of future energy policy in the Pathway to 2030. The report highlights that a positive partnership with the Government will allow the sector to meet the challenges facing the country in balancing affordability with environmental and security goals.
Lawrence Slade said the future would be more responsive to energy needs. Future energy will be smarter when:
1. The consumer is the centre of the policy.
2. The energy policy encourages consumers to take action.
3. The approach looks at the system as a whole including power, transport and heat sectors.
4. Demand side response and smart grids play a key role through the right regulatory structures.
5. The roles of industry bodies are reviewed and clarified.
6. Solar and storage are subsidiary free.
7. Stable policies drive investment.
Lawrence Slade, Chief Executive of Energy UK, said:
“The UK’s power sector is poised to make a real contribution to the country’s ongoing energy challenges. Working with government to develop a holistic approach to policy and long term policies that underpin the economic confidence of investors, the UK energy industry can deliver affordable reliable and clean energy now and into the future. But the energy sector cannot meet the country’s green goals alone and we are looking at ways to work with other industry sectors.”
“We are already seeing new reliable and renewable sources of energy coming on stream while working with customers will continue to drive innovation putting power in the hands of users to deliver warmer and more energy efficient homes. This is an exciting time for the energy industry. The next ten years will see many changes for the better, putting customers first and in control of the energy they use.”
Simon Virley, corporate finance partner at KPMG, said:
“This report paints a picture of a GB power sector by 2030 that is more decentralised, more interconnected with Europe, with much greater energy efficiency and demand side response. This 'smarter' energy system will give consumers more control and help keep bills down.”