Heat Networks: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, with reference to ADE: Heat Networks report entitled Clean Heat 2040 report, whether he plans to rebalance energy policy costs for heat networks away from electricity bills.
Answered by Martin McCluskey
The government recognises that high electricity prices are a significant pressure on industry and a barrier to investment and growth. We are continuing to develop further policies to bring down electricity costs relative to gas, and intend to consult on options to reduce costs and make electrification an economically rational choice for a wider range of businesses and organisations.
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