UK risks 'botching' clean energy reforms
Treasury interference risks "botching" plans to boost clean energy, the Energy and Climate Change Committee has said.
Committee chair Tim Yeo said the Treasury's refusal to back new contracts delivering investments for alternative energy sources was jeopardising the Government's energy bill, and urged efforts to repair the "unworkable" plans over the summer.
"I think what the public want to see is secure electricity at an affordable price and clean electricity. Now, we believe that will be achieved by a mix of some gas-fired electricity, some nuclear, some from renewables," he told Sky News Sunrise.
"What we need is a stable framework so that the huge amounts of investment, that literally hundreds of billions of pounds are needed in new capacity over the next ten years, that those investments are made in a framework where the returns are predictable and stable and not subject to too many changes."
Shadow Energy and Climate Change Secretary Caroline Flint said the Government's energy policy was "in turmoil" and was "harming the UK's ability to secure investment".
“Labour has been warning for the last year that we need an Energy Bill to challenge the dominance of the Big Six, secure low carbon investment, fairer bills and support for energy efficiency," she said.
"George Osborne's meddling in energy policy is more to do with courting his anti-clean energy backbenchers, than securing the jobs and growth low carbon investment offers, which Britain badly needs."