Unveiling its new energy security strategy on Wednesday, the government outlined plans produce 95% of UK electricity from low carbon sources by 2030.
“[The plan] will be key to weaning Britain off expensive fossil fuels, which are subject to volatility in gas prices set by international markets that we cannot control,” the government said in a statement.
Under the new strategy, the government will speed up the construction of offshore wind farms by reforming planning laws – and it hopes they can produce enough electricity to power every home in the country by 2030.
The government wants to see up to eight nuclear reactors built over the next decade. He hopes nuclear power can supply a quarter of the UK’s electricity by 2050.
France’s EDF, which operates six nuclear power stations in the UK and is the main investor in a new nuclear power station due to come on stream in 2026, welcomed the announcement.
“Building more new nuclear power stations will reduce Britain’s dependence on foreign gas and keep energy prices stable,” said Simone Rossi, CEO of EDF Energy UK in a statement.
Consulting firm Wood Mackenzie estimates that The United Kingdom could produce the equivalent of 5 billion barrels of additional oil if it exploits all its resources.
Still, Neivan Boroujerdi, director of North Sea research at Wood Mackenzie, said the country will remain “heavily dependent on [gas] imports in all scenarios” in the coming years.
Oil and gas plans slammed
The government’s plans and its decision earlier this week to commission a new report on fracking have drawn criticism from environmentalists.
“Onshore wind to boost clean energy supply and energy efficiency measures to reduce energy demand should have been at the heart of this strategy,” said Luke Murphy, associate director for energy and climate at the Institute for Public Policy Research, a left-wing thinker. Tank,
“But energy efficiency was not mentioned and the onshore wind proposals look pitiful,” he added. “The decision to ramp up oil and gas exploration and re-evaluate fracking boggles the mind.”
The cap is likely to increase even further in October, inflicting more pain on consumers.