CBI backs Clegg energy pledge

The CBI today responded to a speech by Nick Clegg, the deputy prime minister, in which he announced a commitment by the big six energy companies to help reduce energy bills for consumers and businesses.

Katja Hall, CBI’s chief policy director, said: “This pledge by energy companies is a positive step, which together with the Green Deal, will make a real difference to the energy bills of consumers and businesses in difficult times.

“It’s increasingly important to argue the case for our green economy in helping to deliver much-needed growth. Energy efficiency and a shift towards a low carbon economy will not only bring benefits in cost savings, but also provide opportunities for growth and investment.
“With the right policies in place, the Government can give investors the confidence they need to inject billions of pounds into our energy infrastructure and create thousands of jobs. The key is investor certainty and a new long-term industrial policy will be crucial to achieving this.”