Newspaper article Evening Gazette (Middlesbrough, England)

Minister Maude Hails Ground-Breaking Deal

Newspaper article Evening Gazette (Middlesbrough, England)

Minister Maude Hails Ground-Breaking Deal

Article excerpt

GOVERNMENT minister Francis Maude announced the second wave of a ground-breaking national energy initiative during a visit to Teesside.

Tory MP Mr Maude, Minister for the Cabinet Office, was at the Air Products plant at Port Clarence yesterday to announce that the Government will repeat its Energy for Growth scheme - which uses Government buying power to save taxpayers' money, support jobs and boost the UK energy industry.

Mr Maude said: "We are reforming Whitehall to get the best possible value for hardworking taxpayers, saving PS10bn in 2012-3 alone.

"Before the last general election, Government failed to leverage its huge buying potential to negotiate a good price and support the UK energy industry.

"Energy for Growth ensures the security of our energy infrastructure - it's good for the industry, good for taxpayers, and supports this Government's long-term plan for a stronger economy."

In last year's pilot project, the Government agreed a 20-year deal with Air Products to buy electricity at a fixed price from 2016 - protecting against the fluctuations of the market, saving taxpayers an estimated PS97m and helping to create up to 750 jobs on Teesside. …

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