The Confederation of Paper Industries (CPI) welcomes the publication of a new British Energy Security Strategy and the long-term focus on energy security and cost. Critically policymakers acknowledge that higher energy costs faced by UK-based manufacturing industry need to be addressed if companies are to compete against overseas competitors. As the Prime Minister states in his foreword:
The Government recognises that UK industrial electricity prices are higher than those of other countries and will act to address this.
The Strategy sets out a clear direction of travel for energy security. However, it needs to be followed up with clear actions so that industry and Government can work together to ensure zero-carbon energy at affordable prices for UK industry and consumers.
The extension of the existing Carbon Price Floor (CPF) Compensation Scheme for the next three years is particularly welcome. We look forward to working with the Government to develop further measures to help close the competitiveness gap with our European and Global competitors, many of which are already receiving an enhanced level of support.
Notes to editors
CPI is the leading trade association representing the UK’s Paper-based Industries, comprising paper and board manufacturers and converters, corrugated packaging producers, makers of soft tissue papers, and collectors of paper for recycling.
CPI represents an industry with an aggregate annual turnover of £12 billion, with 56,000 direct and a further 93,000 indirect employees.