KPMG responds to National Grid ESO’s Winter Outlook

“Today’s Winter Outlook report shows just how challenging this winter could be. The Government, Ofgem and National Grid are looking to use every tool available to ensure reliable energy supplies and avoid paying excessive prices for imported gas. Businesses should adopt the same approach of looking at all the levers at their disposal, including energy efficiency, interruptible contracts, demand side response and onsite generation.

“While this is a short-term gas crisis, now is not the time to pull back from the Energy Transition. It’s vital that we double down and accelerate the moves to home grown clean energy. To get that done, we need the Government to put in place the right market frameworks, so UK plc doesn’t miss out on international investment, and speed up the planning and consenting process for essential new infrastructure.”

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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.