Liz Truss to ditch Boris Johnson’s planned energy law – in postcode lottery bid to bring down bills?
Energy plan: Liz Truss wants to bring bills down – but her plan seems likely to create a postcode lottery across the UK.
Here’s an example of why politicians are infuriating.
Legislation that was intended to change energy markets in favour of the consumer – launched by Boris Johnson – looks set to be ditched in favour of a mixed bag of new measures cobbled together by Jacob Rees-Mogg.
Johnson’s Energy Bill would have changed everything from carbon dioxide transport to carbon capture and civil nuclear power production.
But the arrival of Liz Truss at 10 Downing Street means priorities have changed.
First, she wants to decouple electricity prices from the global gas price – as renewable energy is now nine times cheaper than gas. This seems a sensible policy.
Secondly, Truss wants to introduce “locational pricing”, allowing areas with significant levels of renewable energy production, such as Scotland, to purchase energy at cheaper rates.
The aim is to incentivise the private sector to build extra capacity, a change that would boost wind and solar power.
But doesn’t it seem like a way to turn yet another once-nationalised service into a postcode lottery?
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