Pulling the Energy Bill will add uncertainty to an industry looking to make long-term investments

It has been reported that the government is to pull its long-awaited Energy Bill.

The government is said to want to concentrate on short-term price priorities and reform of the retail energy market but there are worries that the delay in bringing forward legislation could jeopardise investment decisions.

Sue Ferns, Senior Deputy General Secretary of Prospect, said:

“Reports that the government’s energy bill is to be pulled will add yet more uncertainty to an industry looking to make the long-term investment decisions necessary to secure our energy future.

“We have been waiting for firm action and a clear strategy for years and this bill was a welcome step towards that. If the government is going to pull the bill it must be absolutely clear that legislative delay will not result in further delay to investment in new nuclear, and to the future of our net zero goals.”