TBI calls for 'energy strategy reset': comment
Comment on a report by the Tony Blair Institute for Global Change (TBI) suggesting that Britain’s energy strategy should be 'reset'
By George Smeeton
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Commenting on a report by the Tony Blair Institute for Global Change (TBI) suggesting that Britain’s energy strategy should be 'reset' [1], Jess Ralston, Energy Analyst at the Energy and Climate Intelligence Unit (ECIU) said: "
"With many households still facing debts from the gas crisis of the past few years, focussing on bringing down bills is particularly key for them. Electrification, through the adoption of net zero technologies like heat pumps and EVs, will gradually reduce our vulnerability to the volatility of international oil and gas prices.
"While the thrust of this report is around cheaper power, it's not clear how many of its recommendations will lower bills. More drilling in the North Sea won't make any real difference to the gas bills British homes pay because it's international markets driven by Putin and Trump that dictate the price. The regulator's own analysis shows more drilling will make very little difference to how steeply North Sea output continues to decline.
“Renewable wind power lowered the wholesale power price by around a third in 2025 [2], squeezing more expensive gas power off the system. Every wind turbine we build or solar panel we install means the UK is less dependent on gas imports and less vulnerable to volatility in the gas price. We don’t have to import wind or sunshine."
Notes to editors:
1. The report by the Tony Blair Institute for Global Change (TBI), Why Britain Needs an Energy-Strategy Reset, is released on Friday 13 February.
2. ECIU: https://eciu.net/media/press-releases/wind-farms-cut-power-prices-by-almost-a-third-in-2025