- 3 updates
An independent Scotland would be able to deliver a £70 cut in energy bills, and maintain the UK's energy supply.
Scottish Energy Minister Fergus Ewing explained:
The referendum on Scottish independence risks scaring away investors who will want to "hold on to their cash" until the UK is more settled, the Energy Secretary will warn.
The "uncertainty and disruption" caused by the looming referendum on Scottish independence will have a detrimental effect on progress in the economy and energy sector, a cabinet minister will warn.
Energy Secretary Ed Davey is expected to issue the warning later today as he launches the Government's latest Scotland Analysis paper in Edinburgh, focusing on gas and electricity.
The paper looks in detail at how the United Kingdom can maximise energy investment to support thousands of jobs and keep bills as low as possible.
The UK Government said its analysis shows that people in an independent Scotland would have to pay £3,800 per person to match the £20 billion the UK Government has committed towards decommissioning in the North Sea.