Mitsubishi Electric: Response to Spending Review

Russell Dean, Deputy Divisional Manager at Mitsubishi Electric, looks at how we can achieve the Chancellor’s ambitions of energy security being national security – including lowering the price of electricity and accelerating heat pump adoption to reduce our reliance on volatile oil and gas markets…

“The Chancellor of the Exchequer is right to assert that energy security is national security. Crucial to this is lowering the price of electricity and accelerating heat pump adoption, which will reduce our reliance on volatile oil and gas markets and support the transition to net zero.

“Greater government certainty on policies looking to decarbonise heating, such through the Future Homes Standard and the rebalancing of the price of electricity, will make this a reality and give the industry confidence to invest.

“The government’s continued support for the Warm Homes Plan is welcomed, and we urge them to maintain support for families to decarbonise their homes, such as funding through the Boiler Upgrade Scheme. This will be essential in helping government meet its heat pump installation target and net zero by 2050.

“Long-term consistency in climate policy is essential to attracting investment, growing supply chains, and delivering the green jobs and infrastructure promised for Britain’s future.”

Mitsubishi Electric Living Systems,
Travellers Lane,
Hatfield,
Hertfordshire,
AL10 8XB
United Kingdom

Visit Mitsubishi Electric Living System's website

Visit Supplier's page