In response to this morning’s announcement by Prime Minister Liz Truss, ECA Director of Workforce and Public Affairs Andrew Eldred said: “While we welcome the PM’s six-month plan to support businesses, we are concerned by the lack of transparency with regard to how they will be supported in the longer term. We hope the electrotechnical and engineering services sector will be granted subsequent additional support.
“Our Members, and the wider industry, will remain worried about the future until we obtain some clarity from the Chancellor’s fiscal plan later this month.
“The Government’s renewed commitment to net zero carbon by 2050 is encouraging. However, ECA maintains that the only viable path to net zero is urgent investment in energy efficiency measures and renewables, and not the development of fracking and gas extraction in the North Sea.”
Prime Minister Liz Truss announced in the House of Commons this morning that a typical household will save on average £1,000 a year from her two-year energy price guarantee.
An average energy bill for a typical household will be no more than £2,500 a year for the next two years from 1 October under the plan. This figure takes account of the removal of green levies (worth around £150 per household), and it will supersede the existing energy price cap.
The policy applies to households in Britain, but in Northern Ireland (where the energy regime is different) households will get the same amount of support.
