Consultus Energy Outlook - November 2019

Your one stop guide to what is affecting the energy markets.

Parties put forward differing visions for energy policy

 

As the general election on 12 December approaches, interest is turning to the different energy policies political parties are promising. As party manifestos have not yet been published, the following is a collection of policies and standpoints that have been announced over the last few months.

The Conservatives, Labour, the Liberal Democrats, the Green Party and the SNP have all committed to transitioning to a net zero carbon economy. The Conservatives have set a target for 2050, the Liberal Democrats and the SNP have set a target for 2045, and Labour and the Greens have set a 2030 target.

Labour said it would nationalise the UK’s energy networks. The Conservatives are in favour of private ownership across the energy value chain, as are the Liberal Democrats. The Greens want to introduce locally owned networks for energy supply, with grid operators giving priority access to community projects. The SNP wants a publicly owned energy company for Scotland.

On transport decarbonisation, the Conservatives have pledged to ban the sale of non-electric cars 2040, with Labour and the Greens wanting to ban the sale of non-electric cars by 2030. Labour has also backed the country to support 21.5mn EVs by 2030. The Liberal Democrats would ban the use of non-electric cars by 2045. The SNP wants petrol and diesel cars to be phased out in Scotland by 2032.

On energy efficiency, the Conservatives want to halve the energy use of all new buildings by 2030. They also want all fuel poor homes to be upgraded to Energy Performance Certificate Band C by 2030 and are in favour of temporary price caps on energy prices.

Labour and the Liberal Democrats want a zero carbon standard for all new buildings from 2020 and 2021, respectively…read more

 

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