Industry call for energy cost cuts

The Government has come under fresh pressure to tackle rising energy costs
18 November 2013

The Government has come under fresh pressure to tackle rising energy costs after a warning that higher prices are threatening future business investment.

Energy costs are increasing in the UK at a faster rate than in competitor countries , the manufacturers' organisation EEF said .

In its submission ahead of next month's Autumn Statement, the EEF called for reforms to apprenticeship funding and faster action on road improvements.

EEF chief executive Terry Scuoler said: "The Chancellor's top priority must be action on business energy costs. These are rising faster than our competitors, squeezing margins which will risk choking off the investment recovery.

"With Government policies on climate change set to add as much as 50% to the electricity prices paid by industry by 2020, it must act now to stop planned rises in energy taxes and set out a long-term commitment to compensate energy-intensive industries.

"Without this, we risk losing out on the investment in new technology and jobs that our economy desperately needs."

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in