Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Sunak faces anger over new gas-power strategy for ‘backing up renewables’

by
March 12, 2024
in Investing
0
Sunak faces anger over new gas-power strategy for ‘backing up renewables’
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Rishi Sunak has sparked controversy by endorsing the construction of new gas-fired power stations, stating that he will prioritise energy security and avoid jeopardising it.

The government’s plan, to be announced today, aims to bolster gas power capacity, providing investors with increased confidence in the long-term viability of such plants, despite the nation’s transition away from fossil fuels.

Ministers argue that gas plants are essential for maintaining power supplies during periods when wind and solar farms are unable to generate sufficient electricity. They emphasize that the move does not contradict net zero targets but ensures a reliable energy transition.

Critics view this as a setback in the broader effort to decarbonize Britain’s power network through renewable energy projects. While gas accounted for a significant portion of electricity generation last year, renewable industry supporters advocate for increased investment in battery projects to enhance system reliability.

Energy Secretary Claire Coutinho is expected to outline the government’s gas strategy at Chatham House, defending the decision by highlighting the necessity of gas as a backup for renewables to prevent blackouts and ensure citizens’ comfort.

However, some analysts question the approach, citing concerns about energy price volatility and lack of control over gas prices in international markets. Moreover, the timing of the announcement coincides with escalating concerns over energy security following disruptions in gas exports from Russia due to geopolitical tensions.

The government’s stance on gas-fired power plants reflects broader political divisions over green policies, with differing timelines for decarbonization between the Conservative and Labour parties. Despite pledges to prioritize clean energy, both parties acknowledge the role of gas in providing backup power supplies, especially amidst delays in renewable and nuclear projects.

While the government aims to ensure that new gas plants are “net zero ready” and plans to broaden laws to include hydrogen as a fuel source, critics argue that policy failures have hindered progress in renewable energy infrastructure and energy efficiency initiatives.

The proposed changes to electricity market arrangements, including zonal pricing, aim to incentivize renewables developers to build closer to demand centers. However, concerns persist about the potential impact of net zero-related costs on lower-income consumers, highlighting the need for equitable energy transition policies.

Read more:
Sunak faces anger over new gas-power strategy for ‘backing up renewables’

Previous Post

Vets could be overcharged pet owners, regulator warns

Next Post

Huge boom in over 50 year old entrepreneurs with Start Up Loans providing over £140m of finance to fulfil start up dream

Next Post
Huge boom in over 50 year old entrepreneurs with Start Up Loans providing over £140m of finance to fulfil start up dream

Huge boom in over 50 year old entrepreneurs with Start Up Loans providing over £140m of finance to fulfil start up dream

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
‘HMRC won’t speak to us’: exporters frustrated by post-Brexit border checks and red tape

‘HMRC won’t speak to us’: exporters frustrated by post-Brexit border checks and red tape

0

0

0

0
‘HMRC won’t speak to us’: exporters frustrated by post-Brexit border checks and red tape

‘HMRC won’t speak to us’: exporters frustrated by post-Brexit border checks and red tape

May 19, 2025

EXPOSED: The underground secret to slashing your internet bills

May 19, 2025
UK inflation set for sharp rise in April after surge in household bills

UK inflation set for sharp rise in April after surge in household bills

May 19, 2025
Rich List tycoons warn Reeves that tax plans threaten family firms and UK wealth creation

Rich List tycoons warn Reeves that tax plans threaten family firms and UK wealth creation

May 19, 2025

Recent News

‘HMRC won’t speak to us’: exporters frustrated by post-Brexit border checks and red tape

‘HMRC won’t speak to us’: exporters frustrated by post-Brexit border checks and red tape

May 19, 2025

EXPOSED: The underground secret to slashing your internet bills

May 19, 2025
UK inflation set for sharp rise in April after surge in household bills

UK inflation set for sharp rise in April after surge in household bills

May 19, 2025
Rich List tycoons warn Reeves that tax plans threaten family firms and UK wealth creation

Rich List tycoons warn Reeves that tax plans threaten family firms and UK wealth creation

May 19, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.