The Chancellor is making a statement in the House of Commons tomorrow in which he is expected to outline his plans to support the economy.
David Smith, Chief Executive of Energy Networks Association, said:
“Following the ambition set out in the Prime Minister’s ‘New Deal’ speech last week and the Chancellor’s commitment to a new home insulation plan, we look forward to the remaining detail of his announcement.
“The energy networks are already investing and spending around £64bn between 2015 and 2023 and with the right investment signals, will be able to leverage even more investment for the shovel-ready projects they have across the country.
“The energy networks are ideally positioned to support a green economic recovery – through a truly regional footprint which supports 36,000 jobs and by building the crucial infrastructure we need to decarbonise heat, transport and heavy industry. Bringing forward investment in electric vehicle infrastructure and supporting a hydrogen economy will speed up our shift to becoming a carbon neutral country while creating high-value jobs right now.”
About Energy Networks Association
Energy Networks Association (ENA) is the industry body representing the electricity wires, gas pipes and energy system in the UK and Ireland.
ENA helps its members meet the challenge of delivering electricity and gas to communities across the UK and Ireland safely, sustainably and reliably.
Its members include every major electricity and gas network operator in the UK and Ireland, independent operators, National Grid ESO which operates the electricity system in Great Britain and National Gas which operates the gas system in Great Britain. Its affiliate membership also includes companies with an interest in energy, including Heathrow Airport and Network Rail.
What are energy network operators?
Energy network operators manage and maintain the wires, pipes and other infrastructure which delivers electricity and gas to your home, business and community. They are private companies which are regulated by Ofgem and employ around 40,000 people in Great Britain.