Share with your friends

Government recommits to clean energy growth

Government recommits to clean energy growth

A KPMG update on the Government’s clean growth strategy.

Simon Virley - Partner and Head of Power and Utilities

Partner and UK Head of Energy & Natural Resources

KPMG in the UK


Also on

Government recommits to clean energy growth - clean energy sources with Big Ben

On Thursday 12 October the Department of Business, Energy and Industrial Strategy (BEIS) made a series of announcements traversing the four pillars of the ‘quadrilemma’, the framework used to balance the Government’s energy policy objectives of affordability, security of supply, decarbonisation and industrial strategy.

While much of the content had been announced or soft tested previously, the announcements provide us the first full picture of the new Conservative Government’s plans for energy policy.

Specifically, BEIS announced:

  1. Decarbonisation and industrial strategy: Publication of the ‘Clean Growth Strategy’ outlining the Government’s plans to meet the legislated Carbon Budgets for 2032.
  2. Affordability: Publication of the draft Domestic Gas and Electricity (Tariff Cap) Bill designed to enable the Office of Gas and Electricity Markets (Ofgem) to implement an absolute price cap on standard variable tariffs.
  3. Security of supply: The National Grid published the Winter Outlook Report assessing the winter capacity margins for winter 2017/18 and BEIS published a review of the gas security of supply in the UK through to 2035.

Download the full update to find out what this means for the UK energy sector.

© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us


Want to do business with KPMG?


loading image Request for proposal