NEW – the UK will phase out the import of Russian oil and oil products by the end of 2022.
This transition will give the market, businesses and supply chains more than enough time to replace Russian imports – which make up 8% of UK demand.
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Businesses should use this year to ensure a smooth transition so that consumers will not be affected.
The government will also work with companies through a new Taskforce on Oil to support them to make use of this period in finding alternative supplies.
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Feb 28, 2022 • 9 tweets • 2 min read
Please read: thread on energy security 🧵
The North Sea is our single largest source of gas, with the bulk of our imports coming from reliable Norway.
Unlike Europe, we're not reliant on Russian gas.
But like others, we are vulnerable to high prices set by markets.
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Firstly, the UK has no gas supply issues.
The situation we are facing is a price issue, not a security of supply issue.
Put simply: we have lots of gas from highly diverse and secure sources - but it is very expensive.
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Nov 4, 2021 • 5 tweets • 2 min read
The end of coal is in sight
Spearheaded by the UK, a coalition of 190 countries and orgs have followed our example by agreeing to phase out coal power
With the cost of clean energy dropping, moving away from coal is the obvious choice
✅a 76% collapse in the global pipeline of proposed coal power plants since the Paris Agreement in 2015
✅welcoming 28 new members including 🇸🇬 & 🇨🇱 signing up to the Powering Past Coal Alliance
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Oct 7, 2021 • 5 tweets • 2 min read
ENERGY UPDATE
Protecting consumers from rising global gas prices is my top priority
The Energy Price Cap is holding back a wave of instant bill increases. It will remain in place, and at the same level, this winter
To date, @ofgem has moved 1.7m customers to new suppliers
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We've provided £2bn to help industry with energy costs in recent years
On 1 Oct, we changed gas transmission charges to allow a discount of up to 77% for large users - depending on distance from entry points
I'll also meet the Energy Intensive Users Group tomorrow
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Sep 19, 2021 • 7 tweets • 2 min read
Today I met the chief executive of @Ofgem who has assured me of the well-rehearsed plans in place to protect the market and consumers.
I understand this will be a worrying time for businesses and consumers. We are working hard to manage the impact of global gas price rises (1/7)
Unfortunately, small energy suppliers are facing pressures due to sudden increases in global gas prices. Four small suppliers have ceased to trade in recent weeks.
If a supplier fails, Ofgem will ensure customers’ gas and electricity supply will continue uninterrupted (2/7)
Sep 18, 2021 • 7 tweets • 2 min read
Today, I’ve held a series of individual meetings with senior executives from the energy industry to discuss the impact of high global gas prices.
I was reassured that security of supply was not a cause for immediate concern within the industry. (1/7)
The UK benefits from having a diverse range of gas supply sources, with sufficient capacity to more than meet demand.
The UK’s gas system continues to operate reliably and we do not expect supply emergencies this winter. (2/7)
Apr 20, 2021 • 6 tweets • 2 min read
Tomorrow, we will set the world’s most ambitious climate target into law, cutting emissions by 78% by 2035 compared to 1990 levels
This will see us go further and faster than any other major economy to achieve a carbon neutral future
Read more 👇🏿🌱 gov.uk/government/new…
The 6th Carbon Budget will take the UK more than three-quarters of the way to reaching net zero by 2050
... while remaining consistent with the Paris Agreement temperature goal to limit global warming to well below 2°C - and pursue efforts towards 1.5°C
Feb 12, 2021 • 11 tweets • 6 min read
2020 was the 𝙜𝙧𝙚𝙚𝙣𝙚𝙨𝙩 𝙮𝙚𝙖𝙧 on record for Britain's electricity system - but we need to keep going
This is our 10 Point Plan to put the UK at the forefront of the global green industrial revolution
Cutting emissions. Creating jobs. Building new industries.
THREAD 👇🏾
⚡️ Produce enough offshore wind to power every home, quadrupling how much we produce to 40GW by 2030
