Greg Clark outlines Government view on low-cost power

Secretary of State for Business, Energy and Industrial Strategy, Greg Clark has responded to Dieter Helm’s Cost of Energy Review published last year and outlined a future where environmentally friendly energy production is normal, unsubsidised and cheaper.

Not to be bashful, Clark’s speech at the Institute of Directors elaborated: “We made a decision to decarbonise - a long-term decision - we built and designed the market mechanisms to deliver this efficiently, and today, the costs of technologies such as offshore wind are falling rapidly. What’s more, we have built world-class industrial clusters in this important technology of today and the future.”

RenewableUK’s executive director Emma Pinchbeck said: “The Secretary of State is right that we’re in a new age of electricity, driven by low-cost renewables and innovative smart systems. The Secretary of State highlighted the industrial opportunity of this new world and mentioned a forthcoming Offshore Wind Sector Deal that recognises the vital role of renewables to the future economy.”

The Secretary of State also unveiled plans to publish a white paper on energy policy next year.

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