Response to The Queen’s Speech: Energy Security Bill

Commenting on the draft Energy Security Bill published today as part of the Queen’s Speech, Simon Virley CB, Vice Chair and Head of Energy and Natural Resources at KPMG said:

“The measures set out today in the draft Energy Security Bill are all welcome steps to building a low carbon economy over the longer term.  But there is nothing in the draft Bill that will help consumers with the cost of living crisis in the short term, or help improve energy efficiency, which is the most cost effective way to permanently reduce energy bills, lower carbon emissions and reduce our dependence on imported oil and gas.”

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For further information please contact:

KPMG Media Relations

Claire Barratt

Mobile: +44 (0)7923 439264

claire.barratt@kpmg.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 15,300 partners and staff.  The UK firm recorded a revenue of £2.43 billion in the year ended 30 September 2021.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 145 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.