KEY PLAYER IN ENERGY SECURITY - GOVERNMENT (THE UK ENERGY BILL 2012)

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Geography (ENERGY SECURITY) Mind Map on KEY PLAYER IN ENERGY SECURITY - GOVERNMENT (THE UK ENERGY BILL 2012), created by beth.nightingale on 09/04/2013.
beth.nightingale
Mind Map by beth.nightingale, updated more than 1 year ago
beth.nightingale
Created by beth.nightingale almost 11 years ago
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Resource summary

KEY PLAYER IN ENERGY SECURITY - GOVERNMENT (THE UK ENERGY BILL 2012)
  1. By 2020, more than £7.5bn available to invest in non-carbon generation
    1. Households will pay more - 10% bills going towards renewables
      1. Average of an extra £95/year bill
        1. Ed Davey says this is cost effective in the long term as price of fossil fuels rises and cost of renewables goes down
    2. No 2030 target to decarbonise supply - revisited in 2016
      1. Businesses have no reassurance about security of long-term returns on investments made today - could jeopardise investment in offshore wind
        1. Gas fired power stations with 40 year lifespan guaranteed - belief that global gas prices will fall and cost cushioned by fracking
          1. Return to nuclear
            1. No commitment to cutting energy consumption
              1. UK expecting a two thirds rise in demand (Germany - Europe's manufacturing heartland - projecting a decline of one quarter)
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