Customer Feedback

Green Policy could cost Consumers £2.6bn

A new report published by Green Alliance has suggested that the building of expensive new gas plants could be avoided by rapidly increasing the deployment of renewables.

If the UK is unable to increase the rate of deployment of renewables it could cost consumers around £2.6 billion per year by 2025.

This is argued to be due to a policy freeze, thwarting clean energy development and investment for the past two years.

The report claims that the government is therefore likely to lose all of the gains made in renewable investment, which has helped to reduce the cost of solar and wind power projects.

Due to the recent news that around 50% has been wiped off the price of offshore wind generated power in the past two years, it is likely that onshore wind and solar are due to see similar cost reductions.

Although, this cost reduction is at risk without the suggested policy changes.

‘Cutting Renewables’

Green Alliance senior policy adviser, Chaitanya Kumar stated: “Since 2015, the UK has been cutting back on renewables just as they have become cheap, having previously invested heavily to bring down their costs.”

“A smarter strategy would be to follow through on the earlier investment and buy more of this cheaper, clean energy, which would keep energy bills down and support new jobs in the renewables industry across the country.”

At present, there is a waiting list of 65TWh of renewable power capacity waiting to be established in the UK. This figure equates to around 20% of the UK’s annual consumption.

A government spokesman claims that current energy policy is allowing for a record high renewable capacity and that costs are continually falling.

“We will continue to grow our economy while cutting carbon emissions, and will set out further plans in the upcoming Clean Growth Strategy.”

The report suggests that the £2.6bn cost difference will be the difference between building the 65TWh of queued capacity versus using new gas capacity.

However, this is based on an assumption that the government will indeed adhere to its carbon targets.

The Committee on Climate Change estimates that carbon prices will rise by over £50 per tonne to £76 by 2030, ensuring renewables remain the cheapest form of energy generation.

Crown Gas & Power are a gas supplier to the commercial world. If you would like more information about our business supply and connection services, request a quote here or get in touch with our team on 0161 762 7744.

Latest from Twitter

Further Reading...

How can we help you?

If you have a question or need some further information please get in touch using one of the options below

Crown Gas & Power
Bury New Road,
Heap Bridge,
Bury
BL9 7HY, UK
Tel: 0161 762 7744

Where to find us...

QUOTE

Contract coming to an end?
Moving to new premises?
GET A QUOTE NOW

Contract coming to an end?
Moving to new premises?

Get a Quote

METER READING

We don’t like billing customers to estimated readings, submit your gas reading now for a more accurate bill.

Submit Meter Reading

LATEST NEWS

Follow Crown Gas and Power on social media and keep up to date with all industry information

Latest News

CONSULTANTS

Are you a consultant looking to work with a transparent gas supplier?

Find out more
Crown Oil

Leading Nationwide Fuels & Lubricants Distributor delivering to homes & businesses

Crown Oil
Speedy Fuels & Lubricants

Fuels & Lubricants Supplier Specialising in Deliveries Across the London Area

Speedy Fuels & Lubricants
Crown Oil Environmental

Crown Oil supply a number of environmental services including fuel oil testing and fuel polishing.

Crown Oil Environmental