Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

EEF urges government to tackle business energy costs

The manufacturers’ organisation EEF has called on Chancellor George Osborne to do more to tackle rising business energy bills.

In a report by Energy Live News, EEF’s Chief Executive Terry Scuoler said: “The Chancellor’s top priority must be action on business energy costs. These are rising faster than our competitors, squeezing margins, which will risk choking-off the investment recovery.

“With government policies on climate change set to add as much as 50% to the electricity prices paid by industry by 2020, it must act now to stop planned rises in energy taxes and set out a long-term commitment to compensate energy intensive industries.”

EEF said measures in the Energy Intensive Industry Package, which offset increased costs from decarbonisation policies, should be extended until 2020-2021.

It said energy intensive industries should be exempted from the costs of the Renewables Obligation and the Feed-in-Tariff as well. EEF also called on the Chancellor to freeze the Carbon Price Floor and begin cutting it down year-by-year, starting in 2016. It said a planned increase in the Climate Change Levy should be similarly be scrapped.

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