The soon to be UK Prime Minister, Andy Burnham, is being portrayed as a ‘new broom’ that could, or might, adopt better polices in all areas. Well, what about the energy sector? It’s in a mess, economically, driven by high fossil gas prices, with retail electricity prices at an all-time high, despite renewable energy doing well (65 GW so far) with its wholesale price mostly being low. It’s in a mess technologically, at risk of undermining the crucial next stage of its important renewables programme by diverting cash to support major high-cost nuclear and fossil carbon capture and storage projects. Both of these programme involve multi-billion funding. The much delayed Hinkley Point nuclear plant may end up costing £40-50bn, inflation adjusted, when it finally gets completed, probably in 2030. Its follow-on project, Sizewell C, may not do much better, despite promises about learning from Hinkley, and despite the investment risks being met by a consumer levy. ...
Renewables remain the cheapest source of new electricity in most markets and have further strengthened their cost advantage over fossil fuels. New cost data from IRENA, the International Renewable Energy Agency, shows that renewables helped avoid an estimated USD 480 billion in fossil-fuel costs in 2025, protecting users against fuel-price volatility. So the story so far is a good one - a technological and economic success, for wind and solar especially. With costs falling dramatically, they have both boomed globally and look likely to continue to do so, with wind going offshore and into deeper water, thanks to floating systems, and floating solar PV arrays also spreading on lakes and reservoirs. Agri-solar/ solar grazing projects are also getting popular. Projections see solar beating all comers globally in the years ahead. What about the other renewables? Although so far less developed, new wave and tidal projects also continue to emerge around the world, t...