What is the Conservative Party proposing for the energy industry?

On July 4th, adults across the United Kingdom will be casting their votes for who they want to form the next UK Government. Whilst the country eagerly awaits manifestos from each of the political parties, let’s delve into what the current proposals are. In this series of articles, we’ll be exploring what we can expect to see in each prospective party manifesto. Following our exploration of the Labour Party, let’s turn now to uncover what the Conservative Party energy proposals are.

Net-Zero and Renewable Energy

We recently published an article to discover if the UK is on track for its net-zero goal. These policies and proposals are designed to help the UK reach this goal. Some of these proposed policies include:

  • A proposed ban on petrol and diesel vehicles by the year 2030. 16.5% of new car sales were of vehicles with electric batteries in 2023, up from less than 2% in 2019.
  • A proposal to achieve 95% clean power by 2030 and 100% by 2035. In 2023, about 47% of electricity was generated by renewables, such as wind and solar.

Onshore and Offshore Wind Energy

Following on from this, the Conservative Party also proposes to invest in onshore and offshore wind energy. Energy security has become a priority for both the Conservative Party and the Labour Party in the aftermath of Russia’s invasion of Ukraine.

For onshore wind farms, the party has made amendments to policy so that sites for onshore wind can be identified and constructed more quickly.

At the same time, the Conservatives propose to continue granting fossil fuel permits, especially in the North Sea. The Party states that this is “so we are less reliant on foreign imports.”

Going Nuclear

Nuclear energy is a central part of the Conservative Party plan to have a clean energy mix. The Party proposes that investing in nuclear energy will help the UK to reach its 2050 net-zero goal. By 2050, the Party wants nuclear energy to meet one quarter of the UK’s total energy demand.

The Conservative Party energy proposals include:

  • Building new power stations.
  • Investing in domestic manufacturing of nuclear fuel.
  • Attracting more skilled graduates to work in the sector.

The Party has outlined these proposals to help achieve its goal of generating up to 24 gigawatts of nuclear power by 2050.

Nuclear power generated about 14% of total electricity in the U.K. last year. Nuclear energy is seen as the “perfect antidote to the energy challenges” – Rishi Sunak, Conservative Party Leader.

Easier Access to Better Energy Deals?

A new proposal from the Conservative Party aims to make switching energy suppliers an easier process. The proposal would mean that price comparison websites would have to include more evidence to help consumers make more informed choices about when to switch.

They also propose working with energy regulator Ofgem to prevent any rip-off fees, inaccurate billing, or pressuring sales tactics. All of these can be particularly effective on the vulnerable and elderly, who are most likely to have the highest energy bills.

What are the proposals for UK households?

The Conservative Party has some proposals directly aimed at household energy usage. On their website, the Party proposes:

  • Giving families far more time to transition to heat pumps. They say there will be exemptions for households where a heat pump “simply doesn’t make sense” and an expansion of the current grants and schemes available.

  • Scrapping expensive energy efficiency requirements. The Party says that no one will be forced to make alterations to their property if they do not want to.

  • Easing the transition to electric vehicles. The Party proposes a slower, more gradual transition from 2030 to 2035.

Continuing grants and schemes for households

The Conservative Party has introduced a range of support measures in order to help reduce household energy bills and reduce harmful carbon emissions. This includes the Boiler Upgrade Scheme, Home Upgrade Grant, ECO4 Scheme , and the Great British Insulation Scheme.

You can easily check within 30 seconds if you qualify for these schemes using our eligibility checker below.

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