Tag: Energy Security and Net Zero Department

  • PRESS RELEASE : Stakeholders respond to the government’s Energy Security Plan [March 2023]

    PRESS RELEASE : Stakeholders respond to the government’s Energy Security Plan [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 30 March 2023,

    Stakeholders response to the government’s Energy Security Plan, announced by the Energy Security Secretary on Thursday 30 March.

    Tom Greatrex, Chief Executive of the Nuclear Industry Association, said:

    Great British Nuclear will transform the way nuclear projects are deployed in the UK, enabling us to deliver more capacity more quickly. It will help us become a global leader in large and small scale nuclear, with the SMR selection process offering a real opportunity for home-grown technologies and others to bring jobs, skills and investment to the UK.

    For nuclear to provide a quarter of Britain’s electricity means embarking on an ambitious new build programme, including a fleet of new stations, as well as placing nuclear on par with other green technologies to drive crucial investment.

    More nuclear will cut gas imports, cut carbon and create good jobs for communities all across the country.

    David Postings, Chief Executive of UK Finance said:

    The banking and finance sector fully supports the government’s goal of net zero UK emissions by 2050 and is committed to a just transition. We welcome the government’s commitment to investment in the UK’s energy independence and hope this package can be used to deliver green growth up and down the country.

    Providing a clearer path to net zero and mobilising investment through the Green Finance Strategy is crucial to enable the banking and finance industry to help deliver a just transition to a more sustainable economy. We have long called for further steps to green the housing stock and welcome the government’s pledge to increase energy efficiency as part of the Great British Insulation Scheme.

    Matt Evans, Director for Markets at techUK said:

    We welcome the government’s latest commitment to review UK’s strategy and deliver net zero. This new raft of policies should kick-start private sector innovations across clean energy and wider industry.

    The tech sector has a crucial part to play in delivering on the targets, there is also the real opportunity to make the UK the home of climate tech.

    With the increased urgency of addressing climate change, it’s time to make real strides in the transition towards a more sustainable and prosperous future.

    Syma Cullasy-Aldridge, CBI Chief Campaigns Director, said:

    Businesses across the country are raring to go on delivering green growth and making the most of the UK’s potential as a net zero superpower. The package of measures announced by the government represents a gear shift to boost energy security, reduce household bills and re-establish the UK’s credentials as a leader in green technologies.

    In streamlining red tape, tackling the cumbersome planning process and identifying ways to catalyse investment, the government is laying solid groundwork that will allow the green economy to take off. Backing for new technologies, like hydrogen and nuclear, where the UK has the capacity to win big is hugely welcome.

    With the strategy now set, the test is for all parts of government and business to switch to delivery mode. We need to move at pace to keep up with fierce international competition for green investment.

    Steve Scrimshaw, VP of Siemens Energy UK&I, said:

    Today’s news gives the industry greater clarity and a forward-looking strategy which means we can get on with the job in hand, powering up Britain. Siemens Energy, as a world-leading technology provider working across the entire energy-value chain, welcomes this package of measures today particularly on carbon capture and hydrogen production.

    This reset on energy policy builds on Chris Skidmore MP’s independent Net Zero Review and as an energy company, employing over 6,000 employees in the UK&I, we fully support these new announcements.

    Lawrence Slade, Chief Executive of Energy Networks Association, which represents the UK’s energy network operators, said:

    Investment and innovation in Great Britain’s electricity and gas networks is crucial if we are to reach net zero in time. That’s why we have thousands of innovation projects under way and are investing billions over the next decade to get our grids net zero ready. The clock’s ticking and we need planning, regulation and policy to keep pace. It’s great to see this being recognised by government today.

  • PRESS RELEASE : Shapps sets out plans to drive multi billion pound investment in energy revolution [March 2023]

    PRESS RELEASE : Shapps sets out plans to drive multi billion pound investment in energy revolution [March 2023]

    The press release issued by the Department for Energy Security Net Zero on 30 March 2023.

    Energy Security Secretary outlines steps to strengthen Britain’s long-term energy security and independence to help deliver clean, prosperous future for the country.

    Ambitious plans to scale up affordable, clean, homegrown power and build thriving green industries in Britain have been unveiled by the government today (Thursday 30 March) – boosting the country’s energy security and independence and reducing household bills for the long term and maintaining a world-leading position in achieving net zero.

    Putin’s illegal invasion of Ukraine had a devastating effect on global energy markets, forcing up wholesale prices and with it the energy bills of households and businesses in the UK and around the world.  In response, the government has taken steps to shield consumers and companies from the worst effects, paying around half a typical household’s bill over the winter and half the wholesale energy costs paid by some businesses.

    After decades of reliance on importing expensive, foreign fossil fuels, the government is delivering a radical shift in our energy system towards cleaner, more affordable energy sources to power more of Britain from Britain.

    In doing so, plans will help deliver on the Prime Minister’s promise to grow the economy across the country, supporting almost half a million new green jobs by 2030, creating a strategic advantage in new clean industries, and generating opportunities for UK businesses to export their expertise around the world.

    Building on decisive government action taken since 2021, measures announced today include:

    • World leading commitment to Carbon Capture Usage and Storage – The first projects will be announced to progress to the next stage of the negotiations to rollout the first Carbon Capture clusters in our industrial heartlands. The round for areas to apply for two additional future clusters has also been launched and there will be an opportunity for further projects to be added to the first two clusters. These announcements build on the £20 billion CCUS funding
    • Kickstarting investment into the UK’s emerging floating offshore wind industry by launching the £160 million fund to support port infrastructure projects, securing the UK’s leadership in this new technology.
    • Backing the first tranche of new green hydrogen production projects under the £240 million Net Zero Hydrogen Fund as part of development of this new power source.
    • Opening the fifth round of the UK’s world-leading scheme to incentivise investment in renewable electricity, backed by a budget of £205 million. Now being held annually, Contracts for Difference will build on the UK levy-funded support for renewable power since 2010 of around £80 billion.
    • Announcing Great British Nuclear, will initially be led by Simon Bowen as interim Chair and Gwen Parry-Jones OBE as interim Chief Executive Officer: with GBN’s first job to launch a new competition to select the best Small Modular Reactor technologies – one of the most advanced nuclear power technologies in the world – for development by Autumn.
    • Speeding up the planning process to attract investment – reforming the planning process to enable the building of more energy infrastructure including solar power and offshore wind projects more quickly.
    • Cutting household bills by expanding Government energy efficiency support to even more households – The Great British Insulation Scheme, a rebranded ECO+, will upgrade 300,000 of the country’s least energy efficient homes.
    • Investing more than £380 million into boosting EV charging points and infrastructure across the country to support the rollout of electric vehicles
    • Reducing our reliance on fossil fuels to heat our buildings – a new £30 million Heat Pump Investment Accelerator is designed to leverage £270 million private investment to boost manufacturing and supply of heat pumps in the UK. The Boiler Upgrade Scheme, which offers a £5,000 grant to anyone buying a heat pump, will be extended to 2028.
    • Providing UK Export Finance with an extra £10 billion capacity to boost exports, including from the UK’s world leading clean growth sectors.
    • Building a stable environment for businesses to invest and grow in the transition to electric vehicles and sustainable aviation fuel.

    Prime Minister Rishi Sunak said:

    When global energy supplies are disrupted and weaponised by the likes of Putin, we have seen household bills soar and economic growth slow around the world.

    We have stepped in to shield people from its worst impacts by helping to pay around half the typical energy bill. But we are also stepping up to power Britain and ensure our energy security in the long term with more affordable, clean energy from Britain, so we can drive down energy prices and grow our economy.

    That’s why we’re driving forward plans to boost renewables, revive nuclear and build new thriving industries like carbon capture, which will in turn create good jobs across the country, provide new opportunities for British businesses at home and abroad, and maintain our world-leading action to reach net zero.

    Energy Security Secretary Grant Shapps said:

    We have seen over the past year what can happen when global energy supplies are disrupted, and a tyrant like Putin uses energy as a weapon.

    Access to cheap, abundant and reliable energy provide the foundation stone of a thriving economy with our homes and businesses relying on it to deliver our future prosperity.

    Following our unprecedented cost of living support this Winter, which continues, this plan now sets out how we fix this problem in the long term to deliver wholesale UK electricity prices that rank amongst the cheapest in Europe, as we export our green growth expertise to the world.

    Chancellor of the Exchequer Jeremy Hunt said:

    Transforming our energy system is no longer just about tackling climate change, it is also a matter of national security. To protect ourselves from future price spikes, we need to accelerate the move to cleaner, cheaper, home-grown energy.

    By unlocking billions of pounds of private capital through our Green Finance Strategy, we generate more of the energy we need in Britain and create new industries and jobs that are built to last.

    Since 2010, the UK has seen £198 billion of investment into low carbon energy, through a mixture of government funding, private investment and levies on consumer bills. Going forward we anticipate around £100 billion of private investment will be forthcoming into the UK’s energy revolution. The UK has also broken numerous records in generating renewable electricity, leading the world in offshore wind – the UK is now in prime position to export its world-leading expertise.

    This will drive green growth at home and abroad and see British businesses set the standard for a clean, secure and prosperous future.

    Building on our COP26 Presidency and our role in agreeing the Global Biodiversity Framework, the UK will continue to lead international action in tackling climate change and biodiversity loss, working with our partners and delivering on our £11.6 billion International Climate Finance commitment. The 2030 Strategic Framework for International Climate and Nature Action and the International Climate Finance Strategy set out today what this will look like in practice.

  • PRESS RELEASE : Just three energy suppliers making up over 70% of all forced installation of prepayment meters [March 2023]

    PRESS RELEASE : Just three energy suppliers making up over 70% of all forced installation of prepayment meters [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 27 March 2023.

    Over 94,000 prepayment meters were forcibly installed under warrant last year – with Scottish Power and British Gas leading the pack.

    • New figures reveal over 94,000 prepayment meters were installed under warrant in 2022 – with Scottish Power and British Gas leading the pack
    • Uplift in number of people redeeming energy bill support vouchers with 78% used, as Ministers call for suppliers to help those yet to use them
    • Energy Security Secretary calling on companies to focus on compensating those customers mistreated through this practice

    Over 94,000 prepayment meters were forcibly installed in homes under warrant last year without customer consent – on average over 7,500 meters a month.

    After calling on suppliers to stop forcibly installing prepayment meters, the Energy Security Secretary Grant Shapps has now revealed the most overzealous suppliers, as part of a crackdown on mistreatment of vulnerable customers in the use of these meters.

    Leading the charge with the highest number of prepayment meters force-fitted last year are British Gas, Scottish Power and OVO Energy, making up 70% of all forced installations with a total of 66,187 devices fitted under warrant. Of these, Scottish Power tops the list as the worst offender when taking into account their customer base – force fitting over 24,300 in their customer’s homes in 2022.

    Mr Shapps has today doubled down on his call for any mistreatment of customers to be rectified, while again urging suppliers to help the households on traditional prepayment metres access the 2.1m vouchers yet to be claimed under the government’s Energy Bills Support Scheme.

    Energy Security Secretary Grant Shapps said:

    Today’s figures give a clear and horrifying picture of just how widespread the forced installation of prepayment meters had become, with last year seeing an average of over 7,500 force-fitted a month.

    Prepayment meters are right for some people, so I do not want to ban them outright, but I do have concerns that companies have not been treating their customers fairly, over an already difficult winter during which the government has tried to help families by paying around half the energy bill of the average household.

    After my calls for change, I’m pleased that suppliers have made their actions public and agreed to put a stop to forcing prepayment onto vulnerable customers for good – but this cannot happen again.

    I will be watching Ofgem’s ongoing review closely so customers get the support they need – and those vulnerable consumers who have wrongly suffered forced installations get the justice they deserve in the form of redress.

    Minister for Energy Consumers and Affordability Amanda Solloway said:

    Another increase in the number of energy bill support vouchers redeemed by customers is great news, but I urge those that haven’t done so to use them as soon as possible – and suppliers must continue to do everything they can to make sure this happens.

    We will not stand for the mistreatment of vulnerable customers who have been forced onto prepayment meters. I welcome the move from Ofgem to make it easier for customers to report cases but this can’t be a one off, and suppliers must now offer redress to those they have wronged.

    Prepayment meters allow customers to pay for gas and electricity on a pay-as-you-go basis and serve an important function by helping the avoidance of debt and court action.

    However, an intervention from the Energy Security Secretary last month brought the practise to a firm halt, after evidence came to light of suppliers in forcing these meters on vulnerable households.

    Mr Shapps demanded transparency from the sector over the number of forced installation warrants they had used, following a huge spike in applications as households grappled with high energy costs. Lord Justice Edis issued directions for magistrates’ courts to stop all warrants that allow companies to force-fit these meters, alongside the government’s crackdown unacceptable behaviour from suppliers.

    This move follows the government’s unprecedented support to help families with their bills this winter, including households on prepayment meters.

    Latest figures published today show 7.6 million Energy Bills Support Scheme vouchers have now been redeemed by households that use prepayment meters across Great Britain, as of February – saving them up to £400 on their energy costs.

    Since the scheme launched the number of households redeeming their vouchers has steadily climbed with 78% used so far – up from 76% in January. Suppliers with the highest redemption levels include Shell Energy, E and Octopus Energy. However, those with the most vouchers still outstanding, with nearly 400,000 yet to be redeemed include Scottish Power, OVO Electricity and British Gas.

    Customers will also benefit from new protections, announced in last week’s Budget, that will see households on prepayment meters pay no more than other customers for their energy.

    The recent action from the government led the regulator, Ofgem, to launch a review into the use of prepayment meters in the sector. Companies have been instructed to revisit their past cases and offer redress, such as compensation, to customers where these meters were wrongly installed and regulations have not been followed.

    Just last week, Ofgem also extended the ban on forced installations of prepayment meters until a new code of practice is agreed by energy companies, after British Gas was found to have broken into homes to fit the devices.

    The government continues to work with the sector, as well as consumer groups, charities and local leaders to reach eligible customers with unused vouchers that have not yet benefitted from the Energy Bill Support Scheme. This includes ongoing information campaigns across community radio, social media, national magazine titles and roaming advert vans that have been popping up in towns and cities across the country.

  • PRESS RELEASE : £1.8 billion awarded to boost energy efficiency and cut emissions of homes and public buildings across England [March 2023]

    PRESS RELEASE : £1.8 billion awarded to boost energy efficiency and cut emissions of homes and public buildings across England [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 22 March 2023.

    Government awards £1.8 billion through Social Housing Decarbonisation Fund and Public Sector Decarbonisation Scheme to upgrade social homes and public buildings.

    • £1.4 billion to go to local authorities, providers of social housing and charities to upgrade homes and off-grid households with energy efficiency measures
    • changes, including loft insulation and new windows, mean households could save between £220 and £400 on annual energy bills, with funding expected to support 20,000 jobs
    • £409 million also awarded to reduce carbon emissions of hospitals, schools, museums, universities and other public sector buildings across England

    More than 115,000 homes across England are to get upgrades to improve their energy efficiency and save residents money on their bills as the government announces the allocation of nearly £2 billion in funding.

    The Social Housing Decarbonisation Fund and Home Upgrade Grant are collectively worth £1.4 billion, which will be used to fund energy-saving measures ranging from loft insulation to new windows. An additional £1.1 billion in match funding for social housing provided by local authorities, providers of social housing and charities will bring the total investment to £2.5 billion to upgrade social and private homes in England.

    The money will go towards improvements to vulnerable households and off-gas grid homes with an EPC rating of D or below and could save tenants between £220 and £400 a year on energy bills.

    These schemes could also support around 20,000 jobs in the construction and home retrofit sectors, helping to deliver on our promise to grow the economy and create better paid jobs, whilst supporting families across the country.

    On top of this, a further £409 million has been granted through the Public Sector Decarbonisation Scheme to help public sector buildings such as schools and hospitals drive down their carbon emissions. Upgraded heating systems, powered by cleaner, cheaper, renewable energy, will reduce the use of fossil fuels exposed to volatile global energy prices – supporting thousands of jobs and saving taxpayers hundreds of millions of pounds.

    Secretary of State Grant Shapps said:

    We know this is a difficult time for families, which is why the government is covered around half a typical household’s energy bill this winter.

    This is a huge investment that will help households save hundreds on energy bills and see them heat their homes for less, and stay warm for longer.

    Not only this but the funding is also a huge boost for job creation and economic growth, opening up new and exciting opportunities across the UK’s ever-expanding green sector.

    Lord Callanan, Minister for Energy Efficiency and Green Finance, said:

    The UK is truly a world-leader when it comes to reducing carbon emissions and the progress we’ve made over the last decade has been remarkable. But we can’t rest on our laurels and must continue to drive forward progress, setting a standard for other countries to follow.

    Reaching net zero means considerable action from the public sector as well as private sector. Through the Public Sector Decarbonisation Scheme funding allocation announced today, we are empowering public bodies to save the taxpayer hundreds of millions while packing a punch on our ambitious and necessary climate goals.

    Local authorities, providers of social housing and charities have been awarded a huge injection of £630 million, to come from Phase 2 of the latest stage of the Home Upgrade Grant, while £778 million will be provided through the most recent wave of the Social Housing Decarbonisation Fund. An additional £1.1 billion in match funding will be added to this through the Social Housing Decarbonisation Fund, bringing the total to £2.5 billion to upgrade social and private homes in England.

    The funding will be rolled out from April 2023 to upgrade homes over the next 2 years.

    Energy cutting and cost saving measures provided through the schemes include exterior wall insulation, cavity wall insulation, loft insulation, new windows and doors and draft proofing measures, as well as heat pumps and solar panel installation.

    The schemes form part of the government’s commitment to reduce overall UK energy demand by 15% by 2030, as well as supporting the ambition for the UK to move towards greater energy independence.

    The Home Upgrade Grant is supporting over 25,000 low-income homes across England by installing energy efficiency measures and low carbon heating. Those being aided are typically the worst quality, off-grid homes most in need of upgrading, with an EPC rating of D to G. Improving these homes comes with the added benefit of supporting 7,000 jobs.

    Aliye Galloway lives in social housing in Northamptonshire with her partner and 5 children. Through the Social Housing Decarbonisation Fund her home was fitted with an air source heat pump, solar panels and more efficient doors and windows.

    She said that even with the recent energy price rises, the family’s energy bills are significantly lower since the work has been completed.

    Aliye explained:

    Already we are seeing a massive change with our energy consumption and energy costs and already that’s having a positive impact on us a family.

    We are very happy with how it all works. We would recommend it to any tenant who is approached by the scheme. It will have a huge positive outcome.

    It’s supposed to be more eco-friendly too so I’m very happy we managed to get rid of the gas to be honest. We are literally just electric now.

    We are going to massively save. Even though the prices have gone up, we are still putting in less than we were before.

    Emma Pinchbeck, Chief Executive of Energy UK said:

    Improving the energy efficiency of Britain’s draughty homes and buildings is the best way to cut energy bills permanently, while also boosting the UK’s energy security and reducing carbon emissions.

    Today’s announcement will rightly prioritise those who need support the most like low- income households, social housing and public buildings.

    Industry will work with government to build on these vital schemes and to remove any barriers that prevent households and businesses from saving money on their bills by reducing heat loss and conserving energy.

    The government has also announced today that over £400 million has been allocated to public sector bodies across England to help reduce their carbon emissions. 144 public sector organisations responsible for hospitals, schools, leisure centres, museums and universities will benefit from this support.

    This funding is being delivered through the Public Sector Decarbonisation Scheme, which provides grants to public sector bodies to fund low carbon heating, renewable energy and energy efficiency measures such as heat pumps, solar panels and insulation. The scheme is being delivered on behalf of the government by Salix Finance.

    Announced today, organisations set to receive funding include Adur and Worthing Councils, Salisbury NHS Foundation Trust, Northumbria University, Greater Manchester Academies Trust and many other worthy recipients across England looking to improve the sustainability of their buildings.

    The Scheme aims to support the government’s commitment to reduce emissions from public sector buildings by 75% by 2037, compared to 2017 levels, as first set out in the 2021 Heat and Buildings Strategy. The commitment follows significant progress the UK has already made towards reaching net zero – cutting all emissions by 48% between 1990 and 2021, which is faster than any other G7 country. Decarbonising the public sector with low carbon heating and energy efficiency measures is also expected to save the public sector an estimated £650 million per year on average to 2037.

    Salix Finance Chief Executive Annie Shepperd OBE, said:

    There is a huge amount of passion and expertise in the green energy sector, and Salix is proud to be supporting the hundreds of decarbonisation projects that have been made possible through the Public Sector Decarbonisation Scheme. Each one represents the best evidence of government and public bodies working together to achieve great things.

    In the meantime, the government has partnered with Energy Systems Catapult today to launch a freely accessible suite of tools, templates and guidance to support the public sector in further decarbonising their sites. This support will help public sector bodies from the first stages of developing a strategy, through funding, installation and completion, to help make achieving net zero sites and energy savings simpler.

    This is a continuation of the government’s award-winning Modern Energy Partners programme which has worked with 42 sites to explore different avenues for decarbonisation.

    Stakeholder reactions

    Social Housing Decarbonisation Fund and Home Upgrade Grant

    Adam Scorer, Chief Executive of National Energy Action (NEA) said:

    This vital investment is desperately needed. Low-income households, in the least efficient homes, are being hardest hit by the energy crisis and are having to pay hundreds of pounds more than the typical household just to heat and power their home to a minimum reasonable standard.

    As well as helping to abate the impact of high energy bills for thousands more households, we hope the investment can lessen some of the physical and mental health impacts for people unable to keep warm at home.

    Both the Social Housing Decarbonisation Fund and Home Upgrade Grant can also help us make progress with our legal fuel poverty targets, helping millions more of the poorest households, who are massively exposed to high energy prices and pay an ‘energy inefficiency premium’ just to stay warm and safe at home.

    Tracy Harrison, Chief Executive, Northern Housing Consortium said:

    This latest wave of funding adds to the momentum already built around green home upgrades in the North.

    Retrofitting homes towards net zero is a key priority for councils and housing associations across the North. Our members want to continue to scale their activity to support the development of the supply chain, and to deliver good, green jobs.

    We were delighted to see even more ambitious partnership bids submitted to this Wave – an approach which we hope to see followed through in delivery. But most importantly, these successful projects will help create warmer homes and improve the physical and mental health of people in our communities.

    Carol Matthews CBE, Chief Executive of The Riverside Group said:

    We are delighted that we have secured just short of £12.7 million from the Social Housing Decarbonisation Fund from the Department for Energy Security and Net Zero. This funding will enable us to improve the energy efficiency of our homes and protect our residents from rising fuel bills and cost of living crisis.  Riverside will be match funding and investing £15 million as part of our retrofitting and net zero commitments. We are looking forward to working with the government to improve over 1,100 homes and the lives of our residents living in them.

    Public Sector Decarbonisation Scheme

    Cllr Helen Silman, Worthing Council’s Cabinet Member for Climate Emergency, said:

    Worthing Borough Council is delighted to receive this latest round of Public Sector Decarbonisation Scheme funding, which will help us to secure Worthing’s sustainable future through infrastructure and innovation.

    The decarbonisation of heating is key to our goal of being a carbon neutral council by 2030, and a challenge we’ll continue to rise to as we look ahead to meeting our 2045 target of a carbon-neutral Worthing.

    Cristina Calleja, Sustainability Manager at South Warwickshire University Foundation Trust, said:

    Our estates, capital and sustainability teams worked very hard to put together an innovative and detailed grant application, which will reduce our organisation’s carbon emissions and benefit our staff, patients and visitors. Therefore, we are extremely delighted to have received this grant that demonstrates our commitment to climate change at the Trust.

    Canterbury City Council’s Director of Strategy and Improvement, Peter Davies, said:

    We are really pleased to have secured a grant from the Public Sector Decarbonisation Scheme, which will allow us to significantly reduce emissions at Kingsmead Leisure Centre. By their very nature, leisure centres are energy intensive buildings and we have been conscious of the need to put in place measures to lessen the impact of Kingsmead on the environment. This grant will enable us to do a huge amount using some of the latest technology.

  • PRESS RELEASE : Support for households and energy security at the heart of Budget [March 2023]

    PRESS RELEASE : Support for households and energy security at the heart of Budget [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 16 March 2023.

    The Budget sets out key measures to support households with energy bills and strengthen the UK’s energy security.

    Measures to support households with their bills and increase the country’s energy security and independence are at the heart of the Budget announced by the Chancellor.

    With Putin’s illegal war raging in Ukraine, Energy Security Secretary Grant Shapps said the moves will be vital to help people until global gas prices fall further as expected.

    Delivering on the Prime Minister’s priorities to ease the cost of living and grow the economy, the Chancellor set out new bold commitments to extend energy bill support for households and to invest in carbon capture, low carbon hydrogen and nuclear as part of a ‘clean energy reset’ to ensure the UK’s energy security in the long term.

    The new commitments support the Energy Security Secretary’s ambition for Britain to have among the lowest wholesale electricity prices in Europe by 2035, driving economic growth in the longer term while strengthening the UK’s energy security and independence.

    Secretary of State for Energy Security and Net Zero Grant Shapps said:

    This Budget supports both our immediate and longer-term priorities – bringing energy bills down and keeping them down, while also setting Britain on a path to greater energy security and independence.

    Not only will this help achieve our mission for wholesale electricity prices to be among the cheapest in Europe, but it will also help grow our economy through new cutting-edge industries, supporting investment and creating jobs.

    Providing energy bills support for households

    The Chancellor set out further support to ease cost-of-living pressures on households, including keeping energy bills down to help reduce inflation, and ending the premium that over 4 million households pay on their prepayment meter.

    Extending energy bills support

    • The Energy Price Guarantee (EPG) will remain at £2,500 for an additional 3 months from April to June
    • energy prices are 50% lower than forecast in October, but remain higher than they were before the war in Ukraine, meaning this support will help bridge the gap for families ahead of an expected fall in prices in July
    • the Energy Price Guarantee protects customers from increases in energy costs by limiting the amount suppliers can charge per unit of energy used
    • this follows previous government support provided over this winter which has already cut the typical household energy bill by almost half

    Ending the ‘prepayment penalty’

    • The government is taking action to end the ‘prepayment penalty’, introducing fairness reforms to energy bills to remove the premium paid by households using prepayment meters (PPMs)
    • this will cut energy bills for over 4 million families across the UK by bringing their costs into line with those paid by comparable customers on direct debits, saving them £45 a year on energy bills. The change is expected to come into effect from July 1 through updates to the Energy Price Guarantee

    Delivering a clean energy ‘reset’

    To shield households from high energy bills in the future, there will be a ‘reset’ to clean up the UK’s domestic energy supply and boost long term energy security. This will help achieve the Energy Security Secretary’s mission for the UK to have among the cheapest wholesale electricity prices in Europe.

    Investing in carbon capture, usage and storage (CCUS)

    • The Chancellor announced £20 billion investment to transform carbon capture in Britain, supporting the early development of CCUS to put the UK at a strategic advantage by being a global frontrunner in this developing new green technology
    • this funding will help secure long-term energy security while helping create up to 50,000 jobs
    • CCUS will cut emissions while ensuring a diverse energy supply. This process captures and safely stores CO2 produced from burning gas or waste to generate electricity, from new low carbon hydrogen production for use across the economy, and other industrial processes, like creating cement, deep underground offshore
    • the UK has enough carbon capture capacity to store over a century and half of national annual CO2 emissions, making it well-placed to become a world-leader in the carbon capture market. Accelerating the UK’s carbon capture and low carbon hydrogen industries will help grow the economy by encouraging investment into the country, and support the UK’s industrial transition to cleaner, greener processes and technology
    • this unprecedented investment over the next 20 years will put us on track to store 20-30 million tonnes of CO2 a year by 2030 – equal to emissions from 10-15 million cars – helping us meet our net zero goals.

    Accelerating new nuclear power

    • The government is launching Great British Nuclear (GBN) to support new nuclear builds as the government works towards net zero, helping address any constraints in the nuclear market
    • first announced in the British Energy Security StrategyGBN will enable an ambitious civil nuclear programme and ensure the UK is one of the best places in the world to invest in new nuclear
    • the intention is that GBN will launch the first staged competition for Small Modular Reactors, which is expected to attract the best designs from both domestic and international vendors
    • the initial focus for GBN will be on Small Modular Reactors, but it will support government’s consideration of further large gigawatt-scale projects to help us deliver on our net zero ambitions
    • GBN is intended to play a fundamental role in the delivery of clean, safe electricity for generations to come, ensuring our country is no longer at the mercy of global fossil fuel markets and setting us inexorably on the path towards net zero
    • further details on GBN’s set up, leadership and operations will be announced by the end of March

    In addition, to encourage private sector investment into our nuclear programme, the Chancellor confirmed that, subject to consultation, nuclear power will be classed as environmentally sustainable as part of the tax framework, incentivising private investment in this important technology alongside renewables. Further details will be set out by the Treasury in due course.

  • PRESS RELEASE : UK confirms £205 million budget to power more of Britain from Britain [March 2023]

    PRESS RELEASE : UK confirms £205 million budget to power more of Britain from Britain [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 16 March 2023.

    UK government confirms budget for this year’s Contracts for Difference scheme as it enters its first annual auction, boosting energy security.

    • Government announces significant financial backing for first annual flagship renewables auction, boosting Britain’s energy security
    • £170 million pledged for established technologies to ensure Britain remains a front runner in renewables and £10 million ring-fenced budget for tidal
    • Scheme will bolster investment into the sector every year, delivering clean, homegrown energy as well as green growth and jobs

    Britain’s rollout of clean, affordable, home-grown energy is moving full speed ahead, with the UK government offering £205 million in its latest renewables auction, boosting energy security, growing our economy and powering more of Britain from Britain.

    The Contracts for Difference (CfD) scheme is the government’s flagship mechanism for supporting new British low-carbon electricity generation projects, so far awarding contracts to projects totalling nearly 27GW of low carbon capacity. This has helped accelerate plans to diversify, decarbonise and domesticate our energy supplies, with the last round (AR4) securing almost 11GW of low carbon capacity – enough to generate sufficient electricity to power 12 million British homes.

    Today’s announcement of a budget of £205 million for the fifth CfD allocation round – which is the first CfD auction to run annually – confirms another year of significant financial backing by government for green industries and jobs. This will bolster investment into the sector every year, helping to support green energy and jobs of tomorrow, level up Britain, and replace expensive fossil fuels with cheaper, cleaner, domestic sources of energy.

    This includes £170 million for established technologies such as offshore wind, ensuring Britain remains a front runner in global offshore wind, and £10 million ring-fenced budget available for tidal stream technologies, unlocking a thriving tidal power industry here in the UK.

    Building a cleaner, more secure energy future with thriving green industries will also help deliver on our promise to grow our economy and create good jobs across the country, with billions of pounds in private investment and 68,000 green jobs supported since late 2020.

    The competitive nature of the Contracts for Difference scheme has already proven successful at placing downward pressure on prices since the first auction was held. This process, together with solar and wind now amongst the cheapest form or electricity generation in the UK, means the scheme will play an increasingly important role in helping to meet the Energy Security Secretary’s ambition for Britain’s wholesale electricity prices to be among the cheapest in Europe.

    Minister of State for Energy Security and Net Zero Graham Stuart said:

    Our flagship Contracts for Difference scheme is already delivering clean, homegrown energy as well as growing a green economy with green jobs.

    Today’s budget announcement, the move to annual auctions and continued investment in renewable energy will limit the impact of events like Putin’s illegal war in Ukraine and drive our overriding priority for the UK to have amongst the cheapest wholesale electricity prices in Europe.

    I am excited to see the opportunities that will open for Britain’s world-class renewable industries as annual auctions kick off this year, enhancing the UK’s reputation as among the most attractive places to invest in for a secure, affordable and prosperous future.

    The UK government continues to support the deployment of renewable power right across Britain, with the scheme so far having awarded contracts to 52 projects in Scotland, which represents around 30% of all CfD projects and around 25% of total CfD capacity.  In Wales, the scheme has so far awarded contracts to 9 projects, totalling around 260MW of capacity.

    The scheme is designed to be fair and deliver low carbon deployment at low-cost to consumers – so that when wholesale electricity prices are higher than the price agreed in the CfD, generators pay back the difference. This will be passed on to energy suppliers and over time, is expected to translate to lower bills for consumers.

    Offshore wind has been at the heart of the scheme and the industry is a major UK success story thanks to Britain’s flagship CfD scheme. The UK has the largest operational fleet in Europe, the world’s 4 biggest individual windfarms and a world-leading ambition to deploy up to 50GW by 2030, including up to 5GW of floating offshore wind, which the scheme continues to help deliver. As set out in the British Energy Security Strategy, by 2030 the UK is set to generate more than enough electricity from offshore wind to power every home in Britain, attracting vital investment to UK coastal communities, supporting 90,000 direct and indirect jobs.

    This follows an unprecedented £20 billion investment into carbon capture announced yesterday in the Spring Budget, alongside the first state backing of a nuclear project in almost 40 years at Sizewell C and confirming the next steps for Great British Nuclear to revolutionise how new nuclear projects are delivered in the UK.

    Neil McDermott, CEO of the Low Carbon Contracts Company (LCCC), said:

    We welcome the announcement from the government on CfD Allocation Round 5. We look forward to working with investors and generators for these important projects as we continue the journey to Net Zero.

  • PRESS RELEASE : Government announces team of leading experts to boost energy efficiency [March 2023]

    PRESS RELEASE : Government announces team of leading experts to boost energy efficiency [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 16 March 2023.

    Government announces members of Energy Efficiency Taskforce following first meeting.

    • Membership announced of Energy Efficiency Taskforce tasked with boosting efforts to improve homes and push down bills
    • panel of experts comes from across UK industry – from finance and tech to education and sustainability
    • the Taskforce is drawing up priorities and ways forward to turbocharge energy efficiency, including accelerating household insulation and boiler upgrades

    A stellar team of leading experts has today been announced as the members of a new dedicated taskforce charged with improving the energy efficiency of the nation’s homes and buildings and with it, cutting the country’s energy use.

    The new Energy Efficiency Taskforce is chaired by Minister Lord Callanan and NatWest CEO Alison Rose, and has a clear target to support cutting energy use in the UK down by 15 per cent by 2030, from 2021 levels.

    The membership of this group includes Chair of the National Infrastructure Commission Sir John Armitt, head of leading housebuilder Barratt Developments, David Thomas and leading experts from the University of Salford, the Green Industries Council and National Energy Action to name but a few.

    Drawing on their unique experiences and perspectives, they bring together a vast wealth of knowledge to deliver on the government’s ambitious commitments, which in turn will help grow the economy, create new jobs and cut bills for people across the country.

    The Energy Efficiency Taskforce was first announced by the Chancellor in last year’s Autumn Statement and has been established to support a step change in the reduction of energy demand through accelerated delivery of energy efficiency measures across the economy.

    The Taskforce will devise a workplan to help reduce total UK energy demand by 15% from 2021 levels by 2030 across domestic and commercial buildings and industrial process – while cutting bills and helping push down inflation. This will include accelerating household insulation and boiler upgrades. As the work of the Taskforce progresses, it will also look at ways of drawing on the expertise of a wider group of stakeholders.

    The Taskforce has met for the first time to establish key priorities and explore ways of working to reach the 15% reduction ambition, sounding out avenues such as green finance, the resolution of supply chain issues and changing consumer behaviour.

    Lord Callanan, Minister for Energy Efficiency and Green Finance, said:

    We have scoured the UK’s industry to amass a top team of the best and brightest, and I am excited to learn from the unique expertise that each member brings to the table.

    We firmly believe the will of people and industry to drive down energy use is there, but we need to put in place the right mechanisms to channel this. That means smart investment, effective engagement, and building the right skills base – and this is precisely what the Taskforce will be focussing on.

    Alison Rose, Energy Efficiency Taskforce co-chair and Chief Executive Officer of NatWest Group, said:

    I am delighted to welcome experts from across industry, academia and government to the Energy Efficiency Taskforce. Addressing the climate crisis is a team sport, and building vital partnerships between the public and private sector is key to tackling this challenge. The Taskforce is bringing together a breadth of experience and expertise from a range of sectors and we will work together to deliver concrete proposals that help support the ambition of reducing total UK energy demand from 2021 levels by 15% by 2030.

    Our focus on reducing energy use across homes, commercial buildings and industrial processes is important not only for cutting carbon emissions but also for delivering greater energy security and lower bills for people, families and businesses up and down the UK.

    Responding to industry’s call for long-term funding certainty to help strengthen UK supply chains, £6 billion of government funding will be available from 2025 to support this objective, in addition to the £6.6 billion allocated this Parliament – taking the total to £12.6 billion this decade.

    The Energy Efficiency Taskforce Steering Group is comprised of the following individuals:

    Co-Chairs:

    • Lord Callanan, Minister for Department for Energy Security and Net Zero
    • Alison Rose DBE, Group Chief Executive Officer, NatWest Group

    Additional Steering Group members:

    • David Thomas, Chief Executive Officer, Barratt Developments
    • David Halpern, Chief Executive Officer, Behavioural Insights Team
    • Graham Bell, Chief Executive Officer, B&Q
    • Mitesh Dhanak, Chief Executive Officer, Cenergist
    • Laura Sandys, Chair, Government’s Energy Digitalisation Taskforce
    • Professor Will Swan, Director, Energy House Laboratories at University of Salford
    • Emma Pinchbeck, Chief Executive Officer, Energy UK
    • Dr Rhian-Mari Thomas, Chief Executive Officer, Green Finance Institute
    • Michael Liebreich, Chairman and CEO, Liebreich Associates
    • Stephen Phipson, Chief Executive of Make UK
    • Adam Scorer, Chief Executive Officer, National Energy Action
    • Sir John Armitt, Chair, National Infrastructure Commission
    • Carl Ennis, Chief Executive, Siemens plc
    • David Postings, Chief Executive Officer, UK Finance
    • Simon McWhirter, Deputy Chief Executive Officer, UK Green Building Council
  • PRESS RELEASE : New UK-France partnership to bring ‘more energy security and independence’ [March 2023]

    PRESS RELEASE : New UK-France partnership to bring ‘more energy security and independence’ [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 10 March 2023.

    UK and French governments have signed a new deal to help both nations achieve greater energy security by moving away from fossil fuels and towards renewables and nuclear power.

    • New blueprint for UK-France energy cooperation promotes regional and global energy security, as well as delivering secure, green, affordable energy for both countries
    • agreement bolsters nuclear cooperation, including on new nuclear and reducing reliance on civil nuclear goods from Russia
    • both also commit to tackle barriers to deploying hydrogen and carbon capture, with agreement also potentially supporting a rise in electricity interconnection by two thirds

    A new partnership between the UK and French governments has been signed today (10 March), which will help both nations make the move towards greater energy security by moving away from fossil fuels and towards renewables and nuclear power.

    Under a new deal signed today by Energy Security Secretary Grant Shapps and France’s Energy Minister, Agnes Pannier Runacher, the UK and France commit to further cooperation on civil nuclear, to capitalise on both countries ambitions to significantly grow their sectors.

    Already, the UK and France have a decades-old partnership on nuclear power. French company EDF are leading the development of Hinkley Point C in Somerset, and following an historic £700 million investment announced by Grant Shapps last November, the UK government is a co-shareholder in the proposed Sizewell C project in Suffolk with EDF. This investment represented the first state-backing of a nuclear project in Britain in over 30 years.

    The statement also commits France and the UK to work together, along with other G7 leaders, to take concerted action to cut reliance on civil nuclear and related goods from Russia, including working to diversify their supplies of uranium and nuclear fuel production capability.

    The UK currently has 3 interconnectors with a capacity for 4 GW of electricity interconnection with its French partners. Today’s agreement could also have the potential to support an increase in electricity interconnection with France by up to 2 thirds, subject to regulatory approval. Increased interconnection will support the UK’s ambition to have at least 18 GW of interconnection capacity by 2030.

    Mr Shapps hopes the agreement will help lower energy bills for consumers, and boost the availability of clean renewable energy between both countries. It will also see both work to tackle barriers to deploying fast-developing low-carbon technologies, including hydrogen and carbon capture and storage (CCUS), helping create tens of thousands of jobs in the UK.

    Energy Security and Net Zero Secretary Grant Shapps said:

    Successful economies need plentiful and reliable energy. Putin’s barbaric invasion of Ukraine has demonstrated that energy security can only be achieved by working with our international friends.

    We are already partnering with France through these energy interconnectors, but we share the ambition to go much further.

    Today’s agreement could lead to two thirds boost in our interconnected power bringing more energy security and independence to the United Kingdom and France.

    The UK has an ambition of up to 10GW of low-carbon hydrogen production capacity by 2030, which could support over 12,000 jobs and unlock over £9 billion in private investment by 2030. Today’s partnership supports this, as France looks to deploy low-carbon hydrogen for their own power system.

    France and the UK have also recognised the potential of working together on CCUS. The UK’s North Sea has the potential to store 78 billion tonnes of CO2 on the UK continental shelf, which could be turned into a multi-billion-pound industry, supporting up to 50,000 jobs in 2030.

  • PRESS RELEASE : £14 million cash boost to accelerate rollout of low carbon heating [March 2023]

    PRESS RELEASE : £14 million cash boost to accelerate rollout of low carbon heating [March 2023]

    The press release issued by the Department for Energy Security and Net Zero on 2 March 2023.

    Government announces £14 million in funding to help households move to low carbon heating.

    • Over £9.7 million awarded to make heat pumps cheaper and easier to install as government accelerates rollout
    • thousands to be trained over next 2 years on low carbon heating systems including heat pumps and heat networks
    • funding will help households move away from using costly fossil fuels and supports target of installing 600,000 heat pumps a year by 2028

    More than £14 million is being made available to accelerate the installation of heat pumps and heat networks across the country, as a new scheme launches to train thousands of installers.

    Over £9.7 million will go towards 4 projects based across the country, from Bristol to Cambridgeshire – helping cut costs of these low carbon technologies, and reducing disruption to consumers by coordinating the wide-spread rollout in concentrated areas.

    To propel the move to cleaner energy in homes, a new £5 million Heat Training Grant will support 10,000 trainees over the next 2 years to become low carbon heating experts – creating new green jobs and growing our economy in flourishing green industries. Grants of up to £500 will go towards training with heating manufacturers such as Panasonic, Valliant and Worcester-Bosch expected to offer additional discounts to participating trainees.

    Parliamentary Under Secretary of State at the Department for Energy Security and Net Zero, Lord Callanan, said:

    This funding will give the rollout of heat pumps a huge boost by making them cheaper and easier to install, and importantly helping more households move away from costly fossil fuels.

    But we need a skilled workforce to deliver this, so we’re training thousands of people to be experts at installing heat pumps and heat networks, driving the country’s push towards net zero.

    We’re also making sure the cost of installing a heat pump is more affordable than ever before through grants of up to £6,000 through the Boiler Upgrade Scheme and a zero rate on VAT. So, it’s right we also put funding in place to train installers to meet demand.

    Heat pumps are highly efficient and reliable and are key to cutting carbon emissions using cheaper renewable energy produced here in the UK.

    The government’s £60 million Heat Pump Ready programme aims to develop innovative solutions to reducing barriers to the rollout of low carbon technology in homes and businesses across the UK.

    The 4 Heat Pump Ready projects, 2 in Oxfordshire and one each in Bristol and Cambridgeshire have been successful in the second phase of funding.

    The innovation programme runs alongside the government’s £450 million Boiler Upgrade Scheme, that provides up to £6,000 grants to homeowners towards the cost of a heat pump, and a zero rate of VAT, making clean heating measures even more affordable for people looking to replace gas or oil boilers in their property.

    Work on installing heat pumps purchased through the Boiler Upgrade Scheme will begin in the successful projects from late December this year. The government expects heat pump deployment to reach 600,000 per year in 2028, a tenfold increase from 2021.

    To meet demand, the Heat Training Grant will provide heating engineers with grants of up to £500 towards training.

    The grant could cover most of the cost of a level 3 heat pump course, which takes one week or less for an experienced gas or oil heating installer to complete. In addition, heating manufacturers including Baxi, NIBE, Panasonic, Vaillant, Ideal Heating and Worcester-Bosch are expected to offer additional discounts and offers to participating trainees. These benefits could be worth up to a further £500 in product vouchers, additional training and other support, helping trainees put their new skills into practice.

    Karen Boswell, Managing Director UK and Ireland at heating manufacturer Baxi, said:

    We welcome the government’s investment in developing the new skills needed to support the growth of low-carbon heating solutions in homes and buildings.

    We are fully committed to helping the industry transition to net zero, and we’re focused on helping individuals access opportunities to participate in the anticipated growth of air source heat pumps.

    Shaun Edwards, CEO Groupe Atlantic UK, ROI and North America Divisions, said:

    At Ideal Heating we believe installers will play a critical role in the decarbonisation of heating and we welcome further government funding targeted at heat pump training. Our Ideal Heating Expert Academy has also committed to providing additional subsidised training for installers participating in the government scheme.

    This financial support, together with the forthcoming opening of our state-of the-art National Training and Technology Centre, will make the upskilling of the sector to install and maintain heat pumps as affordable and accessible as possible, to support the drive to net zero.

    Carl Arntzen, CEO of Worcester Bosch said:

    We are delighted to see the announcement by government of the funding for installers to become qualified to install heat pumps. There is great interest in future technologies and with this funding installers can gain the confidence and skills to offer heat pumps to their customers.

    The latest support comes in addition to the £15 million government has already committed to developing skills in the energy efficiency and low carbon heating sectors since 2020.

    The government already funds heat pump training through the Home Decarbonisation Skills Competition, however the new funding will now extend support for heat pumps until at least 2025, and also goes further by including training for heat networks.

    The heat networks training courses will cover the full lifecycle of the systems from initial design to building, operation, and maintenance. Government is also aiming to develop a series of courses and online training videos for heat networks operation and maintenance.

    By providing heat networks training support alongside heat pumps, areas of overlap and collaboration can be better explored, particularly around the installation of large-scale heat pumps for heat networks and shared ground loops.

    Government is now seeking expressions of interest from training providers who wish to offer the new grants for heat pump training.

  • PRESS RELEASE : UK and US Energy Secretaries meet as Shapps pledges greater energy independence for the UK [February 2023]

    PRESS RELEASE : UK and US Energy Secretaries meet as Shapps pledges greater energy independence for the UK [February 2023]

    The press release issued by the Department for Energy Security and Net Zero on 28 February 2023.

    Meeting in London for the first time, the heads of the UK and US energy departments kick-start new avenues for international collaboration.

    • Grant Shapps pledges greater UK energy independence as a necessity in wake of Russia’s war in Ukraine and vows to deliver this
    • comes as UK and US Energy Secretaries meet in London for the first time
    • US-UK Strategic Energy Dialogue comes at a critical moment as the UK and US kick-start new avenues for international collaboration
    • both ministers will meet with green innovators, to facilitate joint investment and scale up for British and American companies

    The UK and US stand united in delivering a cleaner, cheaper and more secure energy future, Energy Security Secretary Grant Shapps and US Energy Secretary Jennifer Granholm said today.

    For the UK, Grant Shapps pledged this would mean ever greater energy independence – powering Britain from Britain by switching to home-grown sources including nuclear and renewables.

    Meeting in London for the first time the 2 heads of the UK and US energy departments made clear they stand shoulder to shoulder with President Zelensky and the citizens of Ukraine in their fight against the Russian invasion – the cause of unprecedented global rises in energy prices.

    Grant Shapps said Putin’s illegal march on Ukraine had demonstrated the need for ever greater energy independence, powering Britain from Britain through ever greater use of sources like renewables and nuclear.

    The meeting comes at a crucial moment for the global energy market following Russia’s barbaric targeting of Ukraine’s energy system, and the secretaries of state spoke on how the war has reminded countries around the world that without cheaper, greener, and more secure energy, there is no route to long-term prosperity for any nation.

    With a shared belief that nations should be sovereign, democratic and free, Grant Shapps and Jennifer Granholm said they would work together to undermine Putin’s ability to fund his illegal war through Russian oil and petroleum products exports, and to support their European partners in their efforts to end reliance on Russian energy.

    The move to renewables and other green energy sources, and the need to tackle climate change, were at the forefront of discussions at a dedicated Green Investors Roundtable chaired by both secretaries of states – offering opportunities for joint investment by British and American companies.

    This comes as both nations lay the foundations for a shared approach to energy, one that drives growth and brings down bills to protect businesses and households from volatile oil and gas markets.

    The UK government is also making huge strides to create a cheaper, cleaner energy system – one that increases the country’s energy independence. This includes recently completing the largest offshore wind farm in the world, generating affordable, renewable electricity for British homes and businesses, as well as taking historic steps in investing a direct stake in a nuclear project’s development for the first time since 1987 – which will create home-grown energy of the future.

    In the US, solar power developers plan to install a record 29.1 GW of utility-scale capacity in 2023 alone, almost triple the previous year. States like Georgia are benefiting from new jobs across electric vehicle and battery manufacturing, and California is eyeing new transmission networks to connect floating offshore wind to the West Coast electricity grid.

    UK Department for Energy Security and Net Zero Secretary of State Grant Shapps said:

    Secretary Granholm and I stand shoulder to shoulder in our unending support for Ukraine, and in ensuring that neither Putin nor any tyrant ever think they can hold the world to ransom through their energy supply.

    The war has shown the UK, the US and countries the world over the need for ever greater energy independence, fueled by moves away from fossil fuels and towards home grown sources like renewables and nuclear. Today I’m pledging to deliver that energy independence – backed by my ambition for lower wholesale electricity prices in the longer term.

    This will also open up opportunities for UK and US companies to work together at the cutting edge of these technologies while also strengthening the historic ties of cooperation between our two countries.

    US Secretary of Energy Jennifer M. Granholm said:

    The United States stands alongside the United Kingdom in support of Ukraine against Russia’s brutal war and its weaponization of energy markets. We are keenly aware that remaining overly reliant on fossil fuels puts our energy security at risk and that the solution lies in diversifying our fuel sources through the deployment of clean energy.

    The Biden-Harris Administration has put into place powerful tools such as the Inflation Reduction Act and the Bipartisan Infrastructure Law to lower costs and advance new energy technologies, and we look forward to continue building on a long history of collaboration around our shared clean energy ambitions that will deliver homegrown security and greater independence.