MPs call for action to stop factory closures over energy costs – follow live

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Factories and businesses grapple with rising energy bills

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Factories and businesses grapple with rising energy bills

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Record energy prices could rise even higher as the government reportedly plans to impose new “green” tariffs for gas.

A new strategy will be published ahead of the Cop26 climate conference in Glasgow next month, committing the government to cutting electricity prices and levying a levy on gas bills to fund low-carbon heating. many times.

It has been stated by PM Boris Johnson that Britain aims to produce “clean power” as a target of reaching net zero carbon emissions by 2035.

Business Secretary Quasi Quarteng has stressed that decarbonizing the UK’s electricity supply will ensure households are less vulnerable to swings in fossil fuel markets.

The newspaper reported that ministers would issue a series of consultations before proceeding with the plan, which is likely to start in 2023 and could add £170 a year to gas bills.

A spokesman for the Department of Business, Energy and Industrial Strategy told Times: “We will be working out our upcoming heat and buildings strategy soon. No decision has been made.”

Several Tory lawmakers have joined the labor and manufacturing industry in calling on the government to support factories and businesses grappling with rising energy bills.

According to the BBC report, Quarteng met with industry leaders on Friday, but they were unable to find a solution.

Labor has accused the government of being in denial about gas prices, which have risen 250 percent since January.

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Good Morning. Welcome to GranthshalaRolling energy crisis coverage.

Stay tuned as we bring you the latest updates.

Lamiyat Sabin9 October 2021 07:58
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Energy prices ‘not sustainable’, factory businesses tell minister

British businesses fear the closure of factories within weeks as fuel prices rise.

In an emergency conference call with heavy industry such as manufacturing, Business Secretary Quasi Quarteng was warned that electricity costs at five times their normal level were “not sustainable” for firms.

Andrew Woodcock And Anna Isaac full story

Fears of Christmas chaos spark factory closures as energy prices soar

Boris Johnson appoints supply chain tsar to keep supermarket shelves stocked

Lamiyat Sabin9 October 2021 08:05


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