Britain to announce energy security measures by month-end

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 15 (Reuters) - British government measures to support energy security will be announced later in March, a budget document said on Wednesday without mention of any fresh incentives for oil and gas or renewable energy producers. Oil and gas producers had called for floor prices to be applied to a windfall tax imposed last year and renewable power companies wanted better investment incentives, but finance minister Jeremy Hunt's spring budget included no such actions. "In addition to the measures in the spring budget, the government will set out further action later this month to ensure energy security in the UK and meet our net zero commitments," the government said in a budget document. (Reporting by Shadia Nasralla Editing by David Goodman)

Reuters Messaging: shadia.nasralla.reuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.