Make UK comment on energy statement by the Prime Minister

Commenting on the announcement on energy by the Prime Minister today, Stephen Phipson, Chief Executive of Make UK, said:

“Manufacturers will welcome today’s announcement as the start of an immediate, bold and concerted effort by Government to get spiralling energy costs for business down. It is essential that the reduction of wholesale prices are fully passed to manufacturers’ bottom line energy bills. But this must be the starting pistol on what will be a long-term race to transform our energy usage, cost and security of supply.

“This has to include substantial measures to drive energy efficiency, reduce reliance on the grid through incentives to on-site generation and a largescale and long-term reform of the wholesale electricity market. Industry looks forward to working closely with Government to protect the essential, highly skilled jobs that the sector provides across the country.”