The government has confirmed that in 2017 it will create a long-term roadmap to minimise business energy costs.

Part of the Building Our Industrial Strategy paper released on 23rd January, the pledge will cover how best to support better energy efficiency, the scope to use existing instruments to support further reductions in the cost of offshore wind once current commitments have been delivered, and how Ofgem and the government can best work together to make sure that markets and networks operate as efficiently as possible in a low-carbon system.

The government has also stated that the “trilemma” framework of decarbonisation, costs and security needs updating. This is so that a higher priority can be placed on affordability and also the need to secure the industrial opportunities, for the UK economy, of innovation.

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