Energy UK responds to publication of Helm review
Following the publication of an independent review into the cost of energy led by Professor Dieter Helm, Energy UK chief executive Lawrence Slade commented:
“We fully share Professor Helm’s goal of ensuring that the transition to a low carbon energy system comes at the lowest cost to customers. And we are committed to working together with the Government to look at the best ways of ensuring that the billions of investment needed can be delivered competitively via a range of technologies. In line with our stated position, we’d agree that with the right framework is put in place, the industry can get on and deliver.
“The industry has made great strides forward, with half of our generation now coming from low carbon sources and, as shown by the recent Contracts for Difference auction results, the cost of renewables is falling significantly. However when costs outside of suppliers’ control are levied onto customer bills we should be clear about these as well as working hard to minimise them.
"We will now look in detail at Professor Helm’s report and will respond to his recommendations.”