Commenting on the Energy Secretary’s remarks today on the risks Brexit pose to the UK’s energy system Richard Warren, Senior Energy Policy Adviser at EEF, the manufacturers’ organisation, said;
“Uncertainty on a number of levels is already rife in the UK’s energy sector and this is already having a negative impact on infrastructure costs. A decision to leave the EU would simply compound this problem, pushing up the rates of return investors are seeking which ultimately the energy consumer must pay for.
“We can of course have a debate about the merits and demerits of EU energy policy, but the primary objective for the Government right now must be to steady the ship and provide some long-term strategic direction on energy policy. It is difficult to see how the uncertainty and doubt surrounding a potential Brexit could help achieve this.”