51% of UK firms support energy legislation changes
The anaysis also highlights that almost three-quarters of firms surveyed are not aware of the government’s upcoming consultation later this month to replace the existing compensation arrangements for RO/FiT with an exemption scheme, announced as part of its wider Comprehensive Spending Review in November 2015.
Half of all respondents expressed interest in taking part in the consultation, saying that they should have their say given the potential implication of the changes upon their businesses, while 54 per cent of manufacturers admitted to being unaware of the proposed changes to the RO and FiT, despite the potential financial implications, with over 64 per cent of retailers also stating that they were unaware of the changes.
David Reed, Head of npower Business Solutions, believes the proposed exemption would represent good news for the businesses and sectors which are eligible.
“Making regulatory processes more transparent and more straightforward would reduce the burden on businesses and would provide them with greater clarity about their finances,” he said.
“A majority of retailers and manufacturers we spoke to were not aware of the upcoming consultation. That’s why we’re working with the Government to host a round table event, to explain these upcoming changes to businesses and discuss the proposed benefits.
“In addition, much of the detail is still to be confirmed and so we hope that the policy will be executed in a proportionate way, with the Government being mindful of the potential distributive impact. We would encourage all businesses to take part in the consultation and to make sure they receive all the support that they are eligible for.”
