The winning party’s plans for energy

Conservatives

Following this year’s General Election, The Conservative Party is returning to Downing Street. But what does that mean for energy over the next five years?

The Conservative Party is promising to decrease dependency in foreign energy sources by helping to deliver secure, affordable and low-carbon energy.

As part of their manifesto, The Conservatives have said every home and business in the country will have a Smart Meter by 2020, which will be delivered as cost-effectively as possible. The party is also promising to continue to make it easier for customers to switch to better deals, having already limited each supplier to four tariffs and cutting switching times in half.

A continued support of the energy sector has also been discussed, having increased the number of independent energy suppliers from seven to 21 in their previous tenancy. Also promised is continued North Sea development and the ‘safe development’ of shale gas, as well as the creation of a Sovereign Wealth Fund for the North of England.

The Party is promising new renewable technologies and start-up funding, with significant support reserved for those that ‘clearly represent value for money.’ Their energy policies also promise to move towards zero emission vehicles and introduce superfast broadband to 95% of the UK.

New appointments include Amber Rudd as the new Energy Secretary. Since her appointment Rudd has indicated she would back the continued expansion of household solar panels. Andrea Leadsom is appointed as the Minister of State for Energy, focusing on energy security, oil and gas policy including shale gas, carbon capture and storage, nuclear, renewables and international energy. Lord Bourne is the Parliamentary Under Secretary of State, and as part of his new role at the Department of Energy and Climate Change (DECC), he will focus on heat including the Renewable Heat Incentive, smart meters, energy efficiency, climate science and innovation.

The views, opinions and positions expressed within the British Gas Business Blog are those of the author alone and do not represent those of British Gas. The accuracy, completeness and validity of any statements made within this blog are not guaranteed. British Gas accepts no liability for any errors, omissions or representations. The copyright in the content within the British Gas Business Blog belongs to the authors of such content and any liability with regards to infringement of intellectual property rights remains with them. For more information about the mix of fuels used to generate our electricity simply visit britishgas.co.uk/business/about-us. You can find information about how to make a complaint at britishgas.co.uk/business/complaints.

-->