United Kingdom

Details

  • Industry: Government & Public Sector
  • Type: Press release
  • Date: 26/06/2013

Spending Review 2013: Energy market will be on high alert tomorrow, says KPMG 

 

Commenting on the energy measures set out by the Chancellor in today’s Spending Review, Darryl Murphy, infrastructure energy partner at KPMG, said:

 

“The energy market will be on high alert tomorrow to see what detail will be revealed by the government in relation to the strike prices for the Contract for Differences.  How the detailed announcements are received will vary enormously across the different stakeholders.  A lower strike price than expected is bound to trigger a negative response from the private sector developers and investors that the government is seeking to attract. The tricky balance the government needs to achieve is getting the private sector to invest and build new low carbon energy generation but do so in a way that’s palatable to the consumer.”

 

-Ends-

 

Follow us on twitter: @kpmguk #SR2013

 

www.kpmg.com/uk/spendingreview2013

 

For further information please contact:

 

Sorrelle Cooper, KPMG Corporate Communications

Mobile: 07932 078218

Sorrelle.cooper@kpmg.co.uk

 

KPMG Press office

Tel:  +44 (0) 207 694 8773

 

About KPMG:

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

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