22/05/12

Commenting on the draft energy bill, published today, Dr Adam Marshall, Director of Policy at the British Chambers of Commerce (BCC), said

“If the UK is going to attract the tens of billions of pounds of investment that is required to update the country’s ageing energy infrastructure, the:  electricity market must be predictable and stable for both businesses and investors. As the energy market moves towards a decarbonised future, we need to ensure that reforms don’t mean more costs piled on business. That’s why we’re encouraged to see proposed measures that will allow the government to consult with firms, and consider their needs in any changes.

“The UK needs a balanced energy mix to guarantee future security of supply. New nuclear plants have to be a key part of the mix, but plans for the next generation of nuclear power stations are behind schedule. We welcome incentives that would encourage investment in new nuclear, and urge the government to stick firmly to these proposals to avoid further delays. We need to see action to guarantee energy supply for the long-term, as a prerequisite for inward investment and growth.”

Ends

For further information please contact the BCC press office on 020 7654 5813 / 5812 or 07825746812 / 07717682221.

Notes to editors:

Draft bill: http://www.official-documents.gov.uk/document/cm83/8362/8362.pdf

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
Email: l.morrison@britishchambers.org.uk