"Miliband's pledge - which he has stood by in the face of fierce criticism from opponents who say it is unachievable - is based on a 2023 report by energy think tank Ember. But the author of the report, economist Pawel Czyzak, has told the BBC the analysis needs to be updated to take into account changes to the cost of offshore wind and other factors."
"In a new report, the Tony Blair Institute says if the transition to renewable energy "continues in a way that raises costs, weakens reliability and weakens growth, it will fail both practically and politically". The report suggests the government's Clean Power 2030 plan should be reframed as Cheaper Power 2030, and argues carbon taxes on gas should be axed to lower energy bills. The UK government insists its plan for clean power to meet 95% of electricity demand by 2030 will lower bills."
Rising electricity costs threaten to erase a promised £300 reduction in household energy bills tied to a 2023 Ember report. Economist Pawel Czyzak says the original analysis needs updating to reflect higher offshore wind costs and other changes. The Tony Blair Institute recommends reframing Clean Power 2030 as Cheaper Power 2030 and suggests axing carbon taxes on gas to lower bills. The UK government insists its plan to deliver 95% clean electricity by 2030 will reduce bills and cites measures to expand nuclear capacity and speed up grid connections. Ofgem's latest price cap raised many households' bills by 2%.
Read at www.bbc.com
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