Labour Ministers are expected to double down on expanding the use of green technologies to lower costs as the Treasury and Department for Business and Trade are set to unveil the UK’s industrial strategy next week.
The blueprint for growing the economy will outline plans to lower energy costs. The Department for Energy Security and Net Zero (DESNZ) saw its budget increase by 16% at the Spending Review, with more funding set to go towards nuclear power and clean energy in a bid to remove nearly all fossil fuels from UK electricity production by 2030.
But officials working under Energy Secretary Ed Miliband told the Committee of Public Accounts, which scrutinises expenditure by different government bodies, that higher electricity prices made “low carbon technologies” more expensive despite the Government linking the development of green technology to more affordable energy bills.
The admission came in the minutes for a PAC report, which is publicly available online, detailing the Government’s responses to recommendations made on energy policy...<<<Read More>>>...
