TBI calls for changes to Clean Power 2030: comment

“For businesses, the walk is more important than the talk; investors look for a stable policy landscape when deciding where to put their cash, and the UK’s long term renewables schemes have been hugely successful at building up British wind and solar - renewables provided around half of our electricity last year, and we have the world’s second largest market for offshore wind. This has helped places like Hull and Merseyside re-industrialise while creating lifelong jobs in communities. Drastic policy changes could jeopardise that investment and those jobs, like we have seen in the US.
 
"The public may be more interested in their energy bills than what percentage of clean power the UK reaches in 2030, but renewables are already lowering wholesale power prices by around a quarter or £25/MWh. [2] A bumper couple of renewables auction rounds could increase this further by kicking less efficient, older gas plants off the system – which is good for energy security too as we’ll need to import less gas from abroad.”