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Energy Statement 2014 focuses on UK energy security

The government’s Annual Energy Statement 2014, released on 6 November, focused heavily on energy security.

Energy secretary Ed Davey said helping consumers had been a priority: “Payments to vulnerable people to help with bills have been protected and expanded under this coalition with the addition of the Warm Homes Discount. This year, the Warm Homes Discount will mean a £140 cut in bills for two million households most in need.”

He added this policy and other government measures had helped cut the number of households in fuel poverty by more than 100,000 in England alone.

The annual statement also detailed the reforms implemented to promote choice and competition in the energy markets.

According to the statement, there are now a dozen new suppliers taking on the Big 6 and 1.2 million consumers have already moved away from the these to the smaller suppliers.

Renewable energy

Speaking about investments in renewable energy, Mr Davey said: “Renewable energy has more than doubled this parliament.”

He said in the first quarter of 2014, 19% of the UK’s electricity was provided by renewable resources.

Annual Energy Statement 2014

  • Onshore wind supplies 5% of the UK’s electricity
  • £6.4bn of investment in solar power since 2010
  • £6.3bn of investment in biomass and bio energy since 2010
  • The UK has more installed offshore wind capacity than the rest of the world

The statement also raised concerns about the potential threat of Russia using energy supplies as a weapon in a part of ongoing aggression against Ukraine.

Mr Davey said: “It is vital we co-operate internationally to help our allies, especially in Eastern and central Europe and the Baltics, many of whom are highly dependent on energy imports from Russia”.

He warned differences between the Labour and Conservative parties should be resisted, especially in the run-up to the general election.

“Short-term populism is the most dangerous enemy energy and climate change policy has,” Mr Davey added.

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