13/07/11

Commenting on the publication of the Electricity Market Reform whitepaper, Dr Adam Marshall, Director of Policy at the British Chambers of Commerce (BCC), said:

“Businesses agree that the security of the UK future energy supply is of huge importance, but so are the immediate costs they face from rising energy prices. The impact on households is widely reported, but businesses have seen energy prices increase by twenty, thirty and in some cases, fifty percent, with little sign of them abating. As the government puts in place a wide-range of energy reforms, it must consider the effects they will have on businesses, and ensure any proposals are affordable for UK plc.

“While we recognise the potential opportunities for UK businesses in the shift to a low carbon economy, we have serious concerns about the impact of some of these reforms on the competitiveness of UK based industries. As an example, the effect of unilaterally imposed measures, such as the carbon floor price, could drive industries and emissions to other less regulated countries. The government must look at measures to help those industries whose competitiveness will be most affected by the UK’s energy and climate change policies.”

Ends.

Notes to editors:

The British Chambers of Commerce (BCC) is the national voice of local business.

The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce, serving over 100,000 businesses across the UK, which employ over five million people. For more information visit: www.britishchambers.org.uk

Media contacts:

Liz Larvin
Tel: 020 7654 5813 / 07825746812
Email: l.larvin@britishchambers.org.uk

Lisa Morrison
Tel: 020 7654 5812 / 07717682221