Investor confidence in the energy sector has been undermined by high levels of policy uncertainty over the past 18 months, business group the CBI has argued.

In new research, released on 24 February, the organisation said that it was crucial that policy kept pace with technological change in the sector, but that a lack of clarity surrounded the future of key mechanisms––such as the Levy Control Framework and the Carbon Price Floor.

The report further argued that energy markets should enable all technologies, including storage and demand, to compete on a level playing field within existing market-based mechanisms.

The paper concluded: “Business will be at the heart of delivering our low-carbon vision, and needs a clear and credible plan against which to innovate and invest.”

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