New energy strategy could take half a decade to reduce bills

This energy security strategy is the fifth energy policy announcement in a long line of energy policy announcements. We need the Government to start delivering. Ministers must urgently explain how they plan to speed up the delivery of their promises instead of just launching yet another policy.”

Robert Colvile, director of centre-right think tank the Centre for Policy Studies, said: “As the view for household energy bills gets bleaker by the day, the government is right to plan ahead to bolster domestic supply and boost UK energy security. The role of hydrogen and nuclear in this is key, as we have argued, and the government’s recognition of this is extremely welcome.

“Despite this, it is disappointing to see that the government’s ambitions have not carried over to other alternative energy sources, such as onshore wind and fracking. Nor have they taken the opportunity to promote demand-side energy efficiency, including via insulation – which in turn will help reduce the most significant costs and support the push for Net Zero. The decision to nationalise core National Grid responsibilities is also highly alarming.

“While this strategy will expand power supply, it will take several years for its full effects to be felt. In the meantime, consumers and businesses should brace themselves for painfully high energy costs to continue.”

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Date Added: Friday 6th May 2022