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A concerted push now for renewable energy would save Britons billions of pounds

The UK would be paying “billions” of pounds less for its energy, if it had
stuck with plans to reduce fossil fuel use, an energy boss has said. Greg
Jackson, chief executive of Octopus energy, told the BBC there should be a
concerted push now. The same “sense of urgency” should be applied to the
switch to green energy, as there was for finding a Covid vaccine, he said.

The government said it had delivered a 500% increase in renewables since
2010. “Without the clean energy we have deployed over the past decade,
bills would be even higher today,” a spokesperson for the Department for
Business, Energy and Industrial Strategy (BEIS) said. There were already
plans to invest further in renewables, BEIS said.

In 2013, the coalition
government led by David Cameron made a series of changes, including cutting
back support for energy efficiency and later ended subsidies for onshore
wind. “If we hadn’t done that, energy bills this year would be billions of
pounds lower than they are,” Mr Jackson told the Big Green Money Show on
BBC Radio 5. “It’s short term behaviour that has left us even more exposed
than we need to be.”

Octopus Energy generates electricity from renewable
sources, including wind and solar and supplies energy to three million UK
customers. A report earlier this year by energy analysis site Carbon Brief
said bills in the UK were nearly £2.5bn higher than they would have been if
climate policies had not been scrapped over the past decade.

BBC 2nd Sept 2022

September 2, 2022 - Posted by | business and costs, renewable, UK

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