The Energy Security Strategy announced by government just under a fortnight ago “provides a clear, long-term plan to accelerate [the UK’s] transition away from expensive fossil fuel prices set by global markets [it] cannot control.”
That’s according to Business Secretary Kwasi Kwarteng, who delivered a speech explaining his views on the new strategy and how he believes it can help shift the British energy market.
“More wind, more solar, more nuclear – while also using North Sea gas to transition to cheaper and cleaner power,” was his succinct summary of the new strategy.
Rising energy prices have made fears of fuel poverty a sad reality for many households in the UK.
Mr Kwarteng responded to these worries, stating that a £200 energy bill discount will be in place this October, the Warm Home Discount will offer three million low-income households with a £150 rebate in the winter and that the price cap is “still protecting millions of consumers” from even higher gas prices.
Mr. Kwasi Kwarteng/ Image from Twitter
He explained that “cheap renewables” are the answer to these high prices and that the new strategy sets out how 95% of the UK’s electricity will be produced by low carbon means by the end of the decade.
“It will increase the pace of deployment to deliver 50GW by 2030 instead of the 40 committed to in the manifesto – and of that 50GW, up to 5GW will be floating offshore wind,” he remarked.