Boris Johnson’s flagship energy bill faces significant change or being scrapped altogether as Liz Truss focuses efforts on lowering household energy costs, according to reports this week.
British Energy Security Strategy
The British government needs to publish detailed plans on decarbonising the economy if it wants to prevent a “disorderly” transition to net-zero emissions by 2050, members of Parliament’s upper chamber said Thursday.
The UK government has launched a “transformational” review into the nation’s electricity market, which could see sweeping reforms to electricity pricing, procurement and storage.
Development pledges and new policing powers on CCUS, hydrogen and decommissioning have been unveiled in the UK Energy Security Bill, marking the “biggest reform” of its kind in a decade.
The UK spent around £5 billion on imports of Russian oil, gas and coal in the year to April 2022 according to a House of Commons research briefing, as the government looks to halt supplies by the end of this year.
Kwasi Kwarteng has paid a visit to a major Shell conference hailing the firm’s UK spending plans, two weeks after the government announced a windfall tax on the industry.
Leaders from across the energy sector praised measures outlined in the Queen’s Speech to accelerate renewables and net zero efforts, but decried a lack of efficiency measures and short-term support for consumers.
The British energy security strategy published by the UK Government on 7 April 2022 reasserted the key role that offshore wind must play if we are to achieve the overarching objective of providing “clean, affordable, secure power to the people for generations to come”.
Last month the UK Government published its British Energy Security Strategy.
UK energy minister Greg Hands said further updates on carbon capture and storage (CCS) funding critical to north-east Scotland’s Acorn project will come later this year, after the government's Energy Security Strategy offered little new for the sector.
New government-led project accelerator schemes announced as part of the government’s energy security strategy will help reduce the time between licensing and consent for offshore projects, according to energy minister Greg Hands.
Neptune Energy has confirmed plans to commit $100 million (£76m) to the Isabella appraisal well later this year, as the UK’s new Energy Security Strategy sets the course for continued North Sea production.
The newly launched Energy Security Strategy will be supported by a £375 million funding package to help develop “cutting-edge energy technologies” spanning hydrogen, carbon capture and nuclear.
The UK Government has announced plans for regulatory “accelerators" which it claimed could shave "years off” development time for new oil and gas projects in the North Sea.
Thousands ‘condemned’ to cold, draughty homes: Energy Strategy draws ire for lack of efficiency measures
Politicians and campaigners have criticised the government’s Energy Security Strategy for apparently overlooking energy efficiency and demand reduction measures in favour of large-scale nuclear and fossil fuel projects.
The UK Government’s new British Energy Security Strategy must ensure that low-carbon infrastructure is built in the UK, according to energy trade groups and unions.
A commitment to North Sea oil and gas while ramping up nuclear, hydrogen and offshore wind, is at the heart of a new UK strategy to protect consumers from future surges in energy bills.