Conservative plan to scrap carbon tax: comment

"If what is being proposed is to terminate contracts with renewable energy suppliers under the Renewables Obligation, unless there is an alternative in place, this kind of policy instability, akin to what Reform has proposed, would deter investors not just in renewables, but across the board from investing in the UK. This uncertainty would make financing more risky pushing up costs of investment, making everything in turn more expensive.

"The public backs the ‘polluter pays’ principle whereby the companies creating the emissions pay for them [2], but for a long time experts have called and continue to call for reforms to the market to disentangle gas from setting the price for all wholesale electricity generation. Fortunately, wind and solar farms running on free sunshine and wind are already cutting the wholesale price by up to a quarter, reducing our dependence on gas pricing [3]. Looking ahead more renewables will increase this effect."