CBI says planning key to future energy infrastructure

The National Infrastructure Commission must focus on long-term planning to tackle the challenges the UK’s energy sector will face in the next decades. That’s according to a report by the CBI which named key areas the commission should prioritise to secure low carbon energy supply. It suggests the commission should embrace the circular economy, by […]

Businesses call for stable energy policies to secure supply

Businesses are calling for clear leadership and stable energy policies to ensure future capacity in the country. In an open letter to the government released by business lobby group CBI, they ask the Tory administration to deliver clear leadership to guarantee new capacity is affordable for firms and consumers. The letter signed by 18 companies […]

More aeroplane routes can be green insists business group

Getting more planes in the air doesn’t necessarily mean trashing “green” business aims, the trade body CBI claimed today. Debate has raged over the need for more air links abroad, with various plans for a new runway and even a new airport put forward. Called ‘Flying High’, today’s report by the CBI finds each extra […]

Energy competition probe is ‘painful’ but necessary

The investigation into competition in the energy market is “likely to be painful in the short term” but could lead to a better relationship between consumers and industry, according to economists. Frances Warburton, Economic Advisory Director at EY suggests the inquiry should provide “some much needed respite from the relentless point scoring over the energy sector […]

Business energy "missing jigsaw” piece of Chancellor's plans

Business energy users are likely to be feeling hard done by as their predicament was “one big piece of the jigsaw” missing from the Chancellor’s Autumn Statement. That’s according to the CBI Director General John Cridland (pictured) who has told ELN: “He didn’t do anything about energy costs on business.” While the recent debate over […]

Repeated calls for Chancellor to tackle rising business bills

The manufacturers’ organisation EEF has called on the Chancellor to do more to tackle rising energy bills for businesses, echoing a similar petition by the CBI last week. Speaking ahead of George Osborne’s Autumn statement due in December, EEF’s Chief Executive Terry Scuoler said: “The Chancellor’s top priority must be action on business energy costs. […]

Chancellor ‘should focus on prices’ to keep Britain competitive

The Chancellor should focus on the cost of energy in his Autumn statement to safeguard the competitiveness of British businesses, according to CBI Director-General, John Cridland. In an open letter to George Osborne published today he said rising prices risked putting the UK at a disadvantage, particularly “following the implementation this year of the Carbon […]

Nuclear deal will “mark the start of a nuclear power revival”

The government’s deal with EDF for a new nuclear power plant at Hinkley Point will “hopefully mark the start of a nuclear power revival” according to the Institution of Mechanical Engineers (IMechE). EDF agreed to a strike price of £92.50/MWh for the Hinkley Point C plant – £89.50/MWh if the firm also builds the Sizewell […]

Miliband’s energy price freeze would spell “nuclear winter”

Energy Minister Greg Barker has laid into proposals for an energy price “freeze” put forward by Labour’s Ed Miliband yesterday by claiming it would mean a “nuclear winter” for investment in Britain. Speaking at the Labour Party’s annual conference in Brighton the Labour leader pledged to freeze energy prices until 2017 while his Labour colleague, Shadow Energy […]

Energy now biggest infrastructure concern for UK businesses

Energy has overtaken transport as the biggest infrastructure concern for British businesses, according to a survey commissioned by the Confederation of British Industry (CBI). The poll of more than 500 business leaders found 77% lacked confidence that energy infrastructure would improve in the next five years, a higher number than for transport, water, waste or […]