Davey bemoans UK energy policy as ‘completely mad’

Former UK energy secretary Ed Davey has told an audience of power professionals that the Conservatives have had no coherent policy in place since the coalition government split over 18 months ago.

Speaking at the Bloomberg NEF New Energy Summit in London on Monday, Davey was asked what he perceived to be the government’s current policy for energy.
Claude Turmes MEP, Baroness Bryony Worthington, Walter Steinmann, MD Swiss Fed office of energy, Ed Davey and Seb Henbest at BNEF Energy Summit
“I don’t see one and that’s not just post Brexit. There has been nothing since May of 2015 but uncertainty and really bad policy decisions. A green tax to renewables and (subsequent) irrational loss of investment, getting rid of zero carbon homes, cancelling CCS; it’s a ludicrous policy, completely mad.”

Davey added that he feared for the future, saying the country ‘desperately needed a clearer picture’ in terms of policy and pointed out that the currency exchange rate was also allowing vital assets to be ‘acquired on the cheap.’

The conference, which has a large renewable energy input saw many speakers warn of the consequences of a persistent decline in investment in renewables and Davey added his voice to the calls for a more coherent government strategy.

“The fundamental issue is are we managing a system with far more distributed energy sensibly, are we going to allowed that to prosper, or are we going to say we want to go back to centralised? If we put our eggs in the centralised basket it will be a very expensive mistake.”

“In the UK we were proud to get the offshore wind supply chain going – if are not careful we will lose it to Germany or China, it’s our strategic opportunity and the government needs to get behind it.”

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