GB Energy Bill clears Parliament: comment
GB Energy could help to accelerate the deployment of new renewables, reducing the UK’s exposure to price volatility in the international gas markets
By Jess Ralston
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Commenting on the news that the GB Energy Bill has cleared its final Parliamentary stages, Jess Ralston, analyst at the Energy & Climate Intelligence Unit (ECIU), said:
"Once operational, GB Energy should boost our energy independence by acting as a catalyst for private investment in the UK’s low-carbon energy sector and by bolstering investor confidence in the seriousness of the UK government’s commitment to achieving a low-carbon energy system by 2030.
"This in turn could help to accelerate the deployment of new renewables, reducing the UK’s exposure to price volatility in the international gas markets – which has left millions of households facing soaring energy bills in recent years." [1]
Notes to editors:
1. The Energy Crisis Commission said that heavy reliance on gas for both heating and power has left the UK ‘critically vulnerable’ to price spikes: https://energycrisiscommission.uk/
For more information or for interview requests:
George Smeeton, Head of Communications, ECIU, Tel: 07894 571 153, email: george.smeeton@eciu.net