Our future energy strategy cannot depend on renewables alone

● By John Hayes, UK Energy Minister ● Accounting for around half of all infrastructure investment in the UK, the energy sector is crucial to all of our economy, supporting jobs and driving growth. In planning our future energy strategy, we cannot afford to become dependent on a single form of generation. To provide resilience and security in a complex world characterised by dynamic change we need a balanced energy mix: a mix that includes new nuclear, gas, new carbon capture and storage technology, and renewable energy of the right kind. An energy mix that is secure, reduces emissions, and most importantly – delivers value for money for the consumer. Last year the renewable energy sector created 20,000 jobs and it can do even more to boost skilled employment. Our plans for renewables have the potential to encourage as much as £25bn of investment between 2013 and 2017. We have already unlocked planned investment, such as Drax's shift from coal to a predominantly biomass generator. The outcome of the recent review of support for renewables has delivered for consumers as well, reducing the impact of support by £11 on the average household bill over the next two years. But I know we must do even more because energy bills and their impact on businesses and households can hamper growth and hurt the vulnerable. The government is committed to minimising costs to consumers and as costs fall we will bring down support levels accordingly. We have seen renewable energy costs falling and our long-term goal is to enable renewables to compete against other forms of low-carbon generation without subsidy. As well as setting out a 10% cut in support for onshore wind for 2013-14 the recent review also set out a commitment to call for evidence on any further cost reductions and the wider issue of community engagement ...Zum vollständigen Artikel

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