Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 17
17
Paragraph: 74
Set out interventions to provide investors with long-term certainty on competitive UK energy prices.
Recommendation
High energy prices in the UK are deterring investment in the battery supply chain. The Government has taken steps to support energy-intensive industries. However, investors still need more certainty that UK energy prices will remain internationally competitive. The Advanced Manufacturing Plan and UK Battery Strategy should set out further interventions that will provide investors with more long-term certainty that the UK’s energy prices will be competitive with other markets.
Paragraph Reference:
74
Government Response
A response document is linked to this report, dated 14 February 2024. Response attribution to this recommendation has not been verified. Read the response document ↗