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RenewableUK responds to Energy Secretary’s speech on low-cost power

15 November 2018   (0 Comments)
Posted by: Rob Norris
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RenewableUK is commenting on a major speech by the Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, on the future of energy policy at the Institute of Directors in London.   

 

The event was hosted by Professor Dieter Helm, who published an independent review of energy costs in October 2017. Professor Helm’s review made clear that as the cost of renewable energy continues to fall, these renewable technologies will become “new conventionals” in the energy market.   

 

In this afternoon’s speech, the Secretary of State noted that renewables are the cheapest power sources and can reduce consumer bills as their costs move to subsidy-free levels. Greg Clark highlighted that the Government-backed market for Contracts for Difference (CfD) had successfully delivered a rapid fall in the cost of offshore wind. However, the Secretary of State did not mention onshore wind, which is excluded from CfD auctions.

 

The Secretary of State unveiled plans to publish a white paper on energy policy next year. 

 

RenewableUK’s Executive Director Emma Pinchbeck said: “The Secretary of State is right that we’re in a new age of electricity, driven by low-cost renewables and innovative smart systems. The Secretary of State highlighted the industrial opportunity of this new world and mentioned a forthcoming Offshore Wind Sector Deal that recognises the vital role of renewables to the future economy.”

 

“With so much of his speech focused on energy costs and cheap renewables, it is inexplicable that the Secretary of State made no mention of the lowest cost source of power we have in the UK, onshore wind. It’s nearly a year since Ministers told Parliament that the department is working on plans to bring forward new onshore wind but, sadly, we’ve seen nothing new from government since then.” 

 

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For further information, please contact:

  • Luke Clark, Head of External Affairs 0207 901 3037 or 07973 481 907 Luke.Clark@RenewableUK.com

  • Robert Norris, Head of Communications, 0207 901 3013 or 07969 229 913 Robert.Norris@RenewableUK.com

    Notes:

    RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and access markets to export all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.
    We are celebrating our 40th anniversary this year.


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