npower red tape challenge results so far:
Energy red tape must be scrapped or simplified to ensure future investment, say UK businesses
At an event in London we released our red tape challenge results so far and it makes for interesting reading and viewing...
One in three (32%) do not believe that legislation such as the Carbon Reduction Commitment Energy Efficiency Scheme (CRC), Climate Change Levy (CCL) and Climate Change Agreements (CCAs), the Renewables Obligation and Feed In Tariffs will help ensure the £200bn investment needed for the UK’s energy infrastructure is achieved.
Over two thirds of businesses (69%) want to see the Carbon Reduction Commitment energy Efficiency scheme (CRC) simplified and more than half of business (57%) believing it should be scrapped.
Over a third (38%) would like to see the CRC merged with existing regulation.
There is also a call to scrap the Renewables Obligation among some businesses (41%), with nearly half (47%) calling for it to be simplified.
Opinion is split on CCL and CCAs, with 29% wanting to see them scrapped, and 32% believing they should stay.
The results of our consultation, which is still ongoing, will be fed back to government as part of its Red Tape Challenge initiative. The government consultation on the energy sector formally opens on 25 November.
Wayne Mitchell, interim industrial and commercial markets director at npower, commented:
“Energy policy ultimately drives British business. But, as the Government recognises through its Red Tape Challenge initiative, there is a mammoth amount of legislative cost burden on British businesses. Groups such as the CBI have been very vocal about how this legislation is not only stifling domestic growth, but also making the UK less competitive on an international scale.
“At the moment the energy market is neither fully regulated, nor fully liberalised and that this ‘in-between’ situation is leaving businesses and investors in limbo unable to make an informed decision. That is why we again urge the business community to make sure their voices are heard. This is a unique opportunity on an unprecedented scale to have a say on energy legislation – and our own consultation reveals a mixed bag of views so far.
“However, one thing is clear – businesses want simplification not only to help them manage their own obligations, but to also help the UK meet its carbon reduction targets and help raise the investment needed for low carbon generation.”
We are committed to ensuring the voice of business is heard, and there is still time to have your say here.