Energy chiefs lament litany of lost opportunities in Hammond’s UK mini-budget

Phil Hammond, Chancellor
Phil Hammond, Chancellor

The British finance minister was mostly mute on climate change, renewable energy and the Paris Agreement, but re-announced oil and tax breaks for the North Sea industry in his mini budget today.

In his first speech as Chancellor, MP Phil Hammond reconfirmed the UK Government’s commitment to tax breaks for oil and gas firms to drive investment in the North Sea.

However, he was also as mute over removing the proposed business rates increase for commercial solar installations.

Energy chiefs across the industry spectrum mostly lamented a litany of lost opportunities and ‘could do better-s’.

Sector-specific details – covering the oil, gas, renewables, solar and nuclear energy industries are also published separately on www.ScottishEnergyNews.com

 

 

 

 

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed