Tim Yeo MP warns of energy investment hiatus

9th May 2013

AG member Tim Yeo MP, Chair of the Energy and Climate Change Committee, has urged the Government to clarify key Energy Bill details before the summer recess or risk months of stalled energy investment. This includes how the capacity mechanism will work, confirm the strike prices that will be available through the CfD regime for different technologies, successfully conclude the long-running nuclear negotiations, and adopt the amendment for a decarbonisation target for the power sector.

He told Business Green: "There's been widespread support for the (2030 decarbonisation) target, and not just from the usual suspects. We've seen business groups with broad support, such as the Aldersgate Group and the Corporate Leaders Group on Climate Change, supporting the proposal - it is not confined to those businesses with a direct interest in the [clean energy] supply chain."