Energy Security Strategy (UK)
This document was released in the wake of rising energy prices notably induced by consequences of the COVID-19-induced economic crisis and the invasion of Ukraine. It builds on policies set out in the "ten point plan for a green industrial revolution" and the "net zero strategy". It aims at providing secure, clean and affordable British energy for the long term, by weaning the country off "expensive fossil fuels" and developing "diverse sources of homegrown energy".
- Provides immediate financial support to households and the industry to reduce energy bills
- sets targets of energy efficiency improvements in the buildings sector
- aims to "fully utilise" the North Sea fossil fuels reserves, use the empty caverns for CO2 Storage, bring through hydrogen to use as an alternative to natural gas and use offshore expertise to support the offshore wind sector
- sets enhanced mid-term targets of new renewables capacity, especially offshore wind, and to a lesser extent onshore wind and solar.
- focus on building new nuclear plants
- boost hydrogen production, notably to store excess renewable electricity
- on networks, storage and flexibility: anticipate needs to minimise cost and public disruption, and hyper-flexibility in matching supply and demand to reduce energy waste.
- work with international partners to maintain stable energy markets and prices, reduce the use of fossil fuels globally, reduce global reliance on Russian fossil fuels whilst pivoting towards clean, affordable energy.
By 2025, around 700,000 homes will be upgraded, and by 2050 all our buildings will be energy efficient with low carbon heating. (Further details on heat pumps and gas boilers targets p 33)
By the end of 2023 we are set to increase renewables capacity by a further 15 per cent
Our ambition is to deliver up to 50GW of offshore wind by 2030, including up to 5GW of innovative floating wind (further details p31)
Solar: we expect a five-fold increase in deployment by 2035. "This could be up to 70GW of solar by 2035."
Our aim is to lead the world once again in a technology we pioneered so that by 2050, up to a quarter of our power consumed in Great Britain is from nuclear (up to 24GW nuclear installed)
We will double our UK ambition for hydrogen production to up to 10GW by 2030, with at least half of this from electrolytic hydrogen.
There could be 240-500TWh low carbon hydrogen supply by 2050.
More details on hydrogen targets page 32.
Bring down costs of electricity networks by up to £10 billion a year by 2050
2050: Net zero compatible oil and gas sector, supplying the UK economy
- Domestic gas production remains a core part of UK energy security
- Large scale electrification to provide clean power to offshore platforms
- 20-30MT CCUS target
- Over 40% reduction in gas consumption