Frank Gordon, Head of Policy at the REA said:
“It was great to see the Chancellor rightly acknowledge the role renewables are currently playing in the power sector and that with the falling costs renewables – offshore wind, onshore wind and solar being specifically referenced - will likely be the UK’s primary source of electricity in combination with other technologies.
“Supporting Carbon Capture Storage clusters, raising the rate on CCL for gas supplies and additional funding for R&D projects are all welcomed policies. Yet none of them provide the high impact results we need to progress the power sector. We would have liked to see the Budget build upon the Contract for Difference announcement made last week by increasing the budget for future auctions, which would open up a route to market for these technologies, and to see measures for energy storage which is vital for decentralised flexible energy systems.”