Chancellor to cut electricity bills for more UK firms: comment

Commenting on the news that the Government is to expand electricity bill support for more businesses in the UK [1] Jess Ralston, Head of Energy at the Energy & Climate Intelligence Unit (ECIU) said: "Extending bill support to more businesses at this time of heightened oil and gas price volatility brings us more into line with how France and Germany have dealt with energy costs over several years.

"This week, the IMF found the UK's economy will be hardest hit by the war partly because of our reliance on imported energy like gas [2]. Businesses large and small are concerned about how their bills might rise the longer the war in Iran continues, which may be holding them back from investing, with experts clear that the best way to shield households and businesses from the next inevitable oil and gas crisis is to reduce our demand for those fuels altogether and electrify."
 

ENDS

Notes to editors:

1. The Government is to expand plans to cut electricity bills for thousands of UK manufacturing firms following the conflict in the Middle East.

3. BBC News: https://www.bbc.co.uk/news/articles/c3v670qwz97o 

For more information or for interview requests:

George Smeeton, Head of Communications, ECIU, t: 020 8156 5305, m: 07894 571 153, email: george.smeeton@eciu.net