Martin Pibworth, Chief Executive of SSE plc said:
"Today’s budget is a positive step towards fairer energy bills while keeping the focus on building a cleaner power system. Moving legacy costs off bills and into general taxation means households will see the benefits of energy infrastructure investment sooner - and it supports the shift to electrification that’s essential for unlocking the UK’s economic potential.
"The destination is clear - lower, more stable bills in an electrified energy system. The challenge is balancing progress towards that goal with fairness and affordability in the near term. The Government has taken important steps today to ease pressure on bills, but the key now is to maintain investor confidence by building on the stable, robust policy and regulatory frameworks which have been established over many years. That is what will ultimately minimise the cost of the investments needed to secure energy and sustain lower bills for decades to come."