KPMG responds to the energy measures
Responding to the energy measures announced in today’s Autumn statement, Simon Virley CB, Vice Chair and Head of Energy and Natural Resources at KPMG
Responding to the energy measures announced in today’s Autumn statement, Simon Virley CB.
“The Government has sought to limit exposure to record high energy prices by increasing the level it sets the energy price guarantee at to £3,000 for a typical household bill from April 2023 and aiming to cap that support for high users. Business will be particularly keen to hear the details of what criteria will apply post-April 2023, as there was little in today’s announcement to provide them with any reassurance.
“Many European countries have already reduced energy demand significantly ahead of this winter through a big push on energy efficiency. The belated but welcome first step made by the Government today on energy efficiency now needs to be the start of a sustained drive over the next few years, in order to reduce bills permanently, improve energy security and lower carbon emissions.”
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