'Take green levies off industrial bills to encourage investment,' energy boss tells Andy Burnham
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Green subsidies should be removed from industrial energy bills to encourage investment in electrification, the boss of E.On UK has said.
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Chris Norbury, chief executive of the UK energy firm, said UK firms were already "concerned" about high energy prices.
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Shifting policy costs, such as green levies, into general taxation would lower bills and help companies electrify, he said.
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TRENDING Stories Videos Your Say The UK has the highest industrial electricity prices in the developed world, which critics say is pushing businesses abroad.Government relief schemes offered to the most energy-intensive sectors lower bills by exempting firms from green levies.Mr Norbury said moving these costs into general taxation would boost businesses and help support the transition to renewables.Research from the company indicated...
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