A: The Autumn Budget 2017 will set out the Government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility. Key policies that the Spring Budget specified would be included in Autumn Budget are the replacement of the existing Levy Control Framework by a new set of controls and further details on carbon prices for the 2020s.
A: The Clean Growth Strategy sets out the Government’s plans to build on the successful decarbonisation of the power sector, while looking further across the whole of the economy and the country. It includes ambitious proposals on housing, business, transport and the natural environment.
Low carbon innovation is at the heart of the approach, with over £2.5 billion of Government investment from 2015 to 2021. The strategy also announced that Government will develop a package of measures to support businesses to improve their energy productivity, aiming for an improvement of at least 20% by 2030.
We know we need to do more to reduce emissions from the business sectors while ensuring an affordable energy supply; this is at the heart of the UK’s Industrial Strategy.
A: The Government’s Industrial Strategy will create the conditions to boost earning power throughout the country. This requires a forward-looking approach to investment in innovation, skills, business and infrastructure. The shift to a clean energy, resource efficient and low carbon economy is one of the most foreseeable, significant and long-term economic trends, and Government is determined to maximise the advantages to UK industry of this trend. So, clean growth will be at the heart of the Industrial Strategy.
A: Professor Dieter Helm’s review sets out the views of an independent expert, and it sets out his ideas about carbon pricing, renewable deployment support and price control for network companies, amongst others.
The review is a contribution to a wider debate about the future of the power sector and Government wants to take the time to consider Professor Helm’s findings. It has launched a call for evidence and, as part of this process, we’re asking for the views of businesses, consumer groups, academics and other stakeholders. Meanwhile, we will continue to pursue the agenda set out in recent announcements, including:
A: Government is empowering consumers by ensuring businesses can use energy when it is cheapest, and reward them for being flexible on when they use energy. By rolling out smart meters, enabling suppliers to offer smart tariffs, and harnessing the power of data communications in offices and gadgets, Government will make it easier for businesses to lower their energy bills. Its recent proposals to upgrade the energy systems are set out in the joint Ofgem-BEIS Smart Systems and Flexibility Plan.
A: Measure energy costs and carbon emissions where possible, and highlight these costs to the finance director. The finance director and operations or energy manager should sit down and discuss how best to invest in energy efficiency.