As I begin my new role as CEO at Energy UK it is a good time to look to the future for energy and energy policy. The energy industry is facing a period of change, unparalleled since privatisation. Change driven by policy initiatives - such as those set out in the Budget, balanced against the need to renew our energy infrastructure and putting customers at the heart of what we do.
The in-box couldn’t be busier - or more challenging.
I’m sure everyone agrees with the government’s emphasis on delivering, not just cleaner energy, but energy that’s affordable for everyone. But Britain’s energy future needs both strong foundations with long-term policies free from rapid reversals that damage investor confidence and the vision to embrace innovation and new technology across the market.
The sector cannot do this alone.
Politicians, investors and the industry need to work together to develop long-term energy policies, create a healthy investment framework and play a full part in European policy-development as – in energy at least, union with our neighbours is closer than ever. Key environmental milestones are rapidly approaching so we must also find workable pathways to keep the country’s environmental promises.
The energy industry is facing many uncertainties but this is a vibrant industry and it can meet the many challenges it is facing and still deliver real improvements to both household and business customers.
All change is not bad.
I’m looking forward to the challenge. And I know we have between us the skills and commitment to map out a successful future for Britain’s energy industry.
Lawrence Slade, chief executive of Energy UK