John Chenery

My report makes six key recommendations: Fix the broken understanding of how the gas market works. Policymakers should recognise that British gas production is not sold on global markets at a global price. The GB gas market uses marginal pricing and additional domestic production displaces more expensive LNG imports, thereby reducing British gas prices. The report argues that claims that additional UK production cannot affect domestic prices are simply wrong. Increase UK Continental Shelf gas production. Domestic gas should be preferred to imports wherever possible. UKCS gas is both cheaper and cleaner than imported LNG and provides a secure source of supply directly connected to the British gas network. Reduce reliance on electricity imports. Britain is increasingly depending on electricity imports during periods of low domestic renewable generation. However, highly correlated weather patterns mean low wind generation in Britain can coincide with shortages elsewhere. The report warns that Norway and France cannot be assumed to provide unlimited electricity to their neighbours during periods of stress. Model gas and electricity security together. The gas grid transports far more energy than the electricity network. Electrifying heating will take decades while gas-fired generation will remain critical to electricity security for years to come. The report argues that planning should recognise the interdependencies of gas and electricity to a greater extent. Focus on cheap energy. Rapidly rising network costs are overtaking fuel costs as the main driver of energy bills. The report calls for tighter control of network expenditure and for the suspension of the Connect & Manage regime, arguing that consumers should not be required to fund expensive infrastructure whose output is frequently constrained or wasted. Treat energy security as national security. The government should subject energy policy to an explicit national-security test, prioritising resilience, diversity of supply, sufficient domestic energy capacity and the preservation of strategically important industrial capability alongside affordability and sustainability. watt-logic.com/wp-content/up…

David Turver (@7Kiwi) has written a new report setting out the impact AR7 will have on bills And it's a lot Per year, AR7 will add (in 2025 money) £79 subsidy payments £400 extra balancing costs £134 grid expa costs Total = £613 per household per year And for what? Wind that works around 30% of the time and solar just 10% When will someone in @UKLabour stand up to @Ed_Miliband and his attack on British households and British businesses?? @ClaireCoutinho @AndrewBowie_MP @griffitha @NJ_Timothy @DavidGHFrost @cmackinlay @mattwridley @Iromg @AllisonPearson @MerrynSW @EdConwaySky @afneil @mattotele @jonathan_leake thegwpf.org/content/uploads/…