techUK··ReleaseEnergy & Grid
Tech industry body wants new energy costs paid by taxes, not bills
techUK, the technology industry's trade body, published analysis of the Energy Independence Bill. It said reformed national energy pricing could deliver up to £20 billion in benefits between 2030 and 2050. Raising low voltage network use by one percentage point, it said, could avoid £240 million to £571 million of network investment by 2050. It called a proposed hydrogen-to-power bill levy "incredibly disappointing", and said any such levies should be funded through taxation rather than bills.
Our readtechUK is one of several industry voices now pushing to keep new energy costs off household bills, a sign of how contested that question has become as the Bill moves through Parliament.
Read the announcement at techUK →
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