Business unsure of Coalition’s energy strategy

As the Energy Secretary delivered the Government’s energy announcements today, the Confederation of British Industry has questioned their policy following the recent U-turn to the solar Feed-in Tariff. Energy Secretary […]

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By Tom Gibson

As the Energy Secretary delivered the Government’s energy announcements today, the Confederation of British Industry has questioned their policy following the recent U-turn to the solar Feed-in Tariff.

Energy Secretary Chris Huhne told parliament: “We will secure our energy at the lowest cost: in the short term, by promoting competition. In the medium term, by insulating our homes. And in the long term by steering us away from excessive reliance on fossil fuels and onto clean, green and secure energy.”

Rhian Kelly, CBI Director for Business Environment agreed that the long term plans were on the right track: “The solution to energy prices in the long-term is to attract new investment in low-carbon infrastructure.”

However, Ms Kelly questioned the current Government’s recent decisions and said they had a long way to go to convince industry: “We need the right policies in place to help reduce energy bills and attract essential investment for more secure, affordable and low-carbon energy infrastructure. Following the Government’s recent unexpected changes to the solar feed-in tariff, it still has a long way to go to build business confidence.”