WIREDGOV

The CBI commented on a report by the Energy and Climate Change Select Committee on the Government’s draft Energy Bill.

John Cridland, CBI Director-General, said:

“Major energy investments are hanging on critical decisions the Government must make in the coming weeks and months. If they are to plan long-term investments, businesses need to know what the electricity market will look like in years to come.

“The Committee rightly highlights the importance of agreeing the design of the contracts for difference, and this must be done by the autumn.

“But companies are also eager to get on with investing now, and the decision on the renewables obligation support rates cannot wait any longer.”