‘At the moment, when gas prices are high, we end up paying more for our electricity, even though the cost of producing it doesn’t change. And so myself and Ed Miliband are now working to come up with a practical way that we can delink those prices’. So said Chancellor Rachel Reeves . And a few days later, Energy Secretary Ed Miliband doubled down on net zero with a new plan to face up to fuel prices rises and energy uncertainty, saying that in ‘the era of clean energy, security must come of age’. In his new plan , the older ‘legacy’ renewables with Renewable Obligation (RO) contracts will have to move to fixed price Contract for a Difference (CfD) arrangements, to escape paying the Energy Generation Levy (EGL), the already existing ‘windfall tax’ on excess power market profits, which will be increased from 45% to 55% at peak gas price times. The extra funds raised by this will be used to cut household power bills. About 30% of renewable projects are ...
The UK has been setting new renewable generation records, while also pushing its share of imported energy, particularly gas, to the lowest level since 2004. The Energy and Climate Intelligence Unit (ECIU) has used new government data to show that 46% of primary energy used to supply electricity to the UK was imported in 2025, down from 48% in 2024, and well down on the peak of 67% in 2013. ‘The expansion of renewables is more than making up for the ongoing decline in North Sea gas output which has happened even under decades of policy to maximise extraction.’ However, not everyone is so sure that all is going well. Electricity is too expensive- and renewables aren’t helping. So says Justin Rowlatt in a recent BBC news report , under the heading ‘Why cheap power could matter more than clean power in the push to net zero.’ He says that, on the supply side ‘solar power has seen dramatic co...