Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

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

by March 12, 2024
March 12, 2024
Sunak faces anger over new gas-power strategy for ‘backing up renewables’

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’

0
FacebookTwitterGoogle +Pinterest
previous 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
Vets could be overcharged pet owners, regulator warns

You may also like

Tory swing voters switch to Labour after Sunak’s...

October 2, 2023

Max Verstappen Net Worth: A Look Into the...

February 10, 2025

Elevate Your Style with Tartan Skirts – Upgrade...

January 31, 2023

HSBC reverses Canary Wharf exit plan amid desk...

August 9, 2025

Will the great return to the Office happen?...

September 28, 2022

October new car market beats pre-pandemic levels but...

November 6, 2023

Tata rejects plea to keep Port Talbot blast...

April 26, 2024

Fintech company Workhy helps entrepreneurs start and run...

December 27, 2022

Biggest UK fall in real wages for 100...

August 12, 2022

UK postal workers to strike for four days...

August 10, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump’s Debanking Order Calls for Investigation, Something Tennessee Should Have Done

      August 9, 2025
    • MIKE DAVIS: Eric Tung is Trump’s pick to bring sanity to the Ninth Circuit

      August 9, 2025
    • How Europe’s car industry can survive the Chinese EV challenge

      August 9, 2025
    • Hiring Software & JavaScript Developers: Skills, Costs, and Best Practices

      August 9, 2025
    • Rakhi Butani on Skincare, Cooking, and the Power of Balance

      August 9, 2025
    • Jeremy Clarkson warns of ‘catastrophic’ UK harvest as farmers battle extreme weather and rising costs

      August 9, 2025

    Categories

    • Business (8,728)
    • Investing (2,191)
    • Politics (16,345)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.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.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved