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Election 2017 – Energy Pledges from the Manifestos


This week , instead of our usual energy news, we’re looking at the General Election. With the release of the main political parties’ manifestos, we now have a much better idea about the plans each has for the UK energy industry.

The common threads?

The Tariff Cap

Both Labour and the Conservatives have spoken about the importance of capping standard variable rates on domestic energy tariffs. Labour have stated that their cap would be temporary and take place alongside wider market reforms.  The Conservative’s would be permanent. The idea of a price cap has been controversial, with suppliers unsurprisingly objecting and some stating that a cap would simply mean more expensive fixed tariffs.

Renewable Energy

All parties emphasise the importance of meeting emissions targets, although they have different ways of going about this.

Below are the key energy pledges from each party’s manifesto…

Labour 

  • Emphasises commitment to nuclear energy as a ‘cleaner’ form of power generation.
  • Bring grid infrastructure (power cables etc) back into public ownership over time.
  • One publicly owned supplier in each region, with the aim of driving down prices and encouraging innovation
  • Insulate 4 million homes
  • Ban fracking
  • Ensure no changes to environmental protections post Brexit
  • Retain membership of Euratom, which is crucial for nuclear energy research
  • Commitment to generating 60% of power from renewable/clean methods by 2030
  • Investment in updating the energy grid, transitioning to ‘state of the art low-carbon gas and renewable energy production’ and emerging technologies such as carbon capture storage

The Liberal Democrats

  • Insulate 40 million homes
  • Extend low-emission zones to ten more towns and cities
  • Reduce net greenhouse gas emissions by 80% by 2040 and make Britain a zero emissions country by 2050
  • Generate 60% of energy from renewables by 2030
  • Invest in developing new technologies in battery storage, smart grid technology, offshore wind and tidal power.
  • Oppose fracking

The Green Party

  • Create a new Environmental Protection Act which will ensure the continuation of environmental regulations post-Brexit. Create a new environmental regulator
  • Ban fracking
  • Bring forward the coal phase-out to 2023
  • Scrap plans for new nuclear power stations, including Hinkley Point
  • All investment to go towards developing renewable energy and associated technologies
  • Invest in both onshore and offshore wind power
  • Support community energy projects which will provide the Big Six with competition
  • Invest in battery storage, energy grid updates and demand side response

The Conservatives

  • Invest in battery storage and offshore wind. Stop short of encouraging onshore wind development.
  • Continue investment in fracking, creation of ‘Shale Environmental Regulator’ and ‘Shale Wealth Fund’ that will put money back into affected areas
  • Continue investment in North Sea oil and gas.
  • No mention of nuclear energy plans
  • Investment in battery storage
  • Commitment to ‘reliable, cheap and clean power’
  • Independent review into cost of energy
  • Consultation regarding extension of ‘safeguard tariff’ cap for micro businesses
  • Introduce business energy efficiency scheme to help reduce business energy bills
  • Smart meters to be offered to all businesses by 2020
  • Investment in clean technology and energy efficiency measures

Check back to keep up to date with our coverage of the 2017 election or follow us on Twitter @SwitchMyBiz

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