General Election 2019: Where do the Conservatives stand on energy?

In the first of this three-part series we take at look at the Conservative Party manifesto and what will it mean for the energy sector.

With a promise to lower energy bills for people in social housing and a pledge to tackle climate change by reducing carbon emissionsemission to net- zero by 2050, it’s clear that the issue of energy and its production is taking a major role in this general election.

In a speech delivered in Telford recently Prime Minister Boris Johnson said, “A new industrial revolution is taking place, not by burning coal, not by emitting CO2 but thanks to British ingenuity we can make electrons swoosh so efficiently from anode to the cathode, or possibly vice versa, but that’s the right idea.”

●A commitment to keeping the existing energy price cap

●The introduction of a Home upgrades grant scheme that will see 200,000 houses have their energy systems improved and upgraded. Boilers will be replaced, new insulation provided and in some cases a property’s entire energy system will be replaced. The scheme will apply to fuel poor households with poor energy efficiency ratings. The scheme is forecast to cost £2.5 billion.

●A social housing decarbonisation scheme that will improve and replace the insulation of over two million homes. The Tories believe that such a scheme will reduce energy bills by as much as £750 for the most disadvantaged households.

To tackle climate change, the Conservatives introduced the £1 billion Ayrton Fund that will be used to support scientists and industry to develop and test new technologies that will provide accessible clean energy.

As well as announcing that a Tory government will strive to cut carbon emissions to net- zero by 2050 the manifesto also sets its aims for creating 2 million new jobs in the clean energy sector. It also announced an £800 million investment in the construction of the first fully deployed carbon capture and storage cluster by the middle of the decade. £500 million is also pledged to assist energy- intensive industries to move to lower carbon- producing techniques.

Overall, the Conservatives seem to be putting its emphasis and trust into British innovation and technology to tackle the issues of climate change and energy inefficiency.

In Part 2, we look at the Labour Party Manifesto.

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