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Energy Companies Defend Net-Zero After Report of U.K. Wavering

  • Utilities say more renewables will help lower energy prices
  • Report said government advisers were advocating a slowdown
Wind Turbines As Green Investment Backed To Cure U.K.’s Covid Downturn
Photographer: Chris Ratcliffe/Bloomberg

Companies are defending Britain’s net-zero plans as the best way to resolve the energy crisis in the long term, after a report that close advisers to the prime minister are warning that a rethink of the policy is needed.  

Chief executives of SSE Plc and the U.K. arm of Siemens AG said that a faster pivot toward renewables is the best way to cut exposure to volatile natural gas markets. The Telegraph reported Friday that a number of ministers are advocating a slowdown of the net-zero plans because households are paying for it through a green levy on their rising energy bills.