Energy secretary Ed Davey has claimed that investments of £45bn in electricity generation and networks since 2010 have put the UK on target to future low carbon power requirements.
In an annual statement on the work of the climate change department (Decc), Davey, left, said: “With the 2013 Energy Act gaining Royal Assent on 18 December last year, we now have one of the best legal and financial frameworks to support the cost-effective growth of low carbon electricity anywhere in the world”.
He said that the Coalition Government’s investment in electricity from renewable sources exceeded that in the previous decade under the Labour Government.
“Average annual investment in renewable electricity has more than doubled this Parliament with 2013 a record year.”
Davey added that as well as supporting onshore wind and solar power sources, Decc had spent £6.3bn on biomass and bioenergy. In the first quarter of 2014, 19% of UK electricity was being provided by renewable resources, he noted.
“With our continued focus on renewables – from our community energy strategy to our work on tidal and marine power – this is set to rise much further still,” he told MPs.
Davey said energy policy had had “a high degree” of cross-party consensus over the last decade.
“The 2013 Energy Act enjoyed the same level of cross-party consensus that the Climate Change Act enjoyed in 2008. And that’s crucial for the long term investment decisions that energy infrastructure needs.
“Of course there remain differences between the parties: an anti-competitive approach towards the energy market in parts of the Labour party and an anti-renewables, anti-wind tendency in parts of the Conservative party.”