The Energy Crisis: Government Must Act Now or Face Industrial Outrage
As the UK's energy crisis deepens, businesses are crying out for urgent action from the government. Make UK, the industry body, has made a compelling case to broaden the energy support scheme, known as the British industrial competitiveness scheme (BICS), and fast-track its implementation to alleviate the burden on firms.
The stakes are high, with many companies already facing skyrocketing energy costs due to the upcoming upgrade of the electricity grid. Heavy users could see annual increases of £500,000, a staggering figure that makes it difficult for businesses to remain competitive. The situation is becoming increasingly dire, with factories shutting down and industries disappearing altogether.
The government's promise of slashing electricity bills by up to 25% is tantalizing, but it remains an unfulfilled promise unless implemented sooner rather than later. The delay in announcing the formal consultation process has already stretched to five months, which is far too long given the gravity of the situation.
While some firms will be shielded under the separate "supercharger" scheme, many others will be left exposed. Make UK's request for fast-tracking the BICS scheme to coincide with the first blast of network-related costs feels reasonable, especially considering the government's own ambition to power Britain and cut electricity prices by up to £40 a megawatt hour.
As the clock ticks away, it is now a case of political will rather than technical constraints that prevents immediate action. Stephen Phipson, Make UK's boss, warns that "the clock is ticking on tackling our eye-watering energy costs." The government must put aside its hesitation and take concrete steps to address this crisis before it's too late.
The industry cannot wait any longer for a fix to the energy crisis. The government's inaction will only fuel outrage among businesses, which may lead to further deindustrialisation and economic instability. It is time for the government to get a move on and provide urgent relief to companies struggling with skyrocketing energy costs. Anything less would be unacceptable.
As the UK's energy crisis deepens, businesses are crying out for urgent action from the government. Make UK, the industry body, has made a compelling case to broaden the energy support scheme, known as the British industrial competitiveness scheme (BICS), and fast-track its implementation to alleviate the burden on firms.
The stakes are high, with many companies already facing skyrocketing energy costs due to the upcoming upgrade of the electricity grid. Heavy users could see annual increases of £500,000, a staggering figure that makes it difficult for businesses to remain competitive. The situation is becoming increasingly dire, with factories shutting down and industries disappearing altogether.
The government's promise of slashing electricity bills by up to 25% is tantalizing, but it remains an unfulfilled promise unless implemented sooner rather than later. The delay in announcing the formal consultation process has already stretched to five months, which is far too long given the gravity of the situation.
While some firms will be shielded under the separate "supercharger" scheme, many others will be left exposed. Make UK's request for fast-tracking the BICS scheme to coincide with the first blast of network-related costs feels reasonable, especially considering the government's own ambition to power Britain and cut electricity prices by up to £40 a megawatt hour.
As the clock ticks away, it is now a case of political will rather than technical constraints that prevents immediate action. Stephen Phipson, Make UK's boss, warns that "the clock is ticking on tackling our eye-watering energy costs." The government must put aside its hesitation and take concrete steps to address this crisis before it's too late.
The industry cannot wait any longer for a fix to the energy crisis. The government's inaction will only fuel outrage among businesses, which may lead to further deindustrialisation and economic instability. It is time for the government to get a move on and provide urgent relief to companies struggling with skyrocketing energy costs. Anything less would be unacceptable.
this is crazy - £500k annual increase in energy costs? that's like losing a whole factory's salary 
industries disappearing already? we can't afford to wait another 5 months for the government to sort it out 
make uk's request feels reasonable, but what about all those businesses left exposed? 
gotta wonder how much longer we can keep 'em afloat 
. I mean, £500,000 annual increase in energy costs? That's insane! 
It's no wonder factories are shutting down and industries disappearing - it's like they're being strangled by skyrocketing bills 
. The delay in announcing the formal consultation process is already too long. I feel for the businesses that are going to get left exposed under this "supercharger" scheme - they need some real help now 
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. Anything less would be unacceptable 
.
. Companies are already seeing massive energy cost hikes & some factories have even shut down 
. Make UK is asking for fast-tracking, which I think makes sense considering the grid upgrade costs coming up 
.
The government needs to step up their game ASAP, it's not a suggestion anymore 
. This crisis is real and we need concrete action now 
because of those insane energy costs 
Make UK's request for fast-tracking the BICS scheme seems pretty reasonable to me 
. I mean, 25% slash in electricity bills sounds like a dream come true 
. The problem is it feels like the gov's dragging their feet 
factories shutting down industries disappearing it couldnt be more dire whats gonna happen next? maybe theyll have to shut down whole cities 
. Slash those electricity bills by 25% already! 
. The longer they wait, the more firms will have to close up shop, which is just devastating for the economy 
. I mean, 25% off? That sounds nice, but if they can't deliver on that promise, what's the point? 
. Delaying the formal consultation process for 5 months is just not acceptable 
The clock is ticking, and if the government doesn't step up, businesses are gonna get really upset. That's just how it is in life - when we wait for things to change, but don't take action ourselves, we're left feeling stuck too. 
We gotta want what we want, and not just expect someone else to make it happen for us. It's all about taking responsibility and being proactive, you feel? 
. The gov needs to put aside their hesitation and take concrete steps ASAP 
. Any more delays & we'll see industries disappear, which would be a disaster 