Reform UK has called for the energy industry to eliminate reliance on net zero targets, claiming there is no democratic mandate for higher energy costs. Deputy leader Richard Tice emphasized the need for abundant, reliable, and cheap home-grown energy, specifically from nuclear and gas sources, while rejecting the UK’s 2050 net zero goal as a hindrance to affordable energy. The party is open to canceling renewable energy contracts contrary to its price objectives and has warned against cases that raise electricity costs, threatening financial investments in large-scale renewable projects.
Tice stated that the Reform government focuses on 'abundant, reliable and cheap home-grown energy' from nuclear and gas-fired power stations, which contrasts sharply with current energy policies.
The party's position includes willingness to terminate existing renewable energy contracts that conflict with its energy pricing goals, indicating a substantial shift in energy strategy.
He argued that the excessive strike price of £126 per megawatt-hour undermines the claim that renewables are economically viable, challenging the narrative of renewable energy being the cheaper option.
Tice emphasized that large-scale renewable projects would 'make the UK poorer', creating a stark warning to investors about the viability of entering the renewable energy sector under Reforms' policies.
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