Energy Under a Tory Government


Five years ago it was “vote blue, go green” and to an extent the Lib Dems kept to that motto. Now that we have a Conservative majority government, we shall see what they promise to do over the next five years.

So far they have set up the Green Investment Bank, signed the first nuclear deal in a generation, oversaw renewable energy generation more than double, and brought in legislation for energy efficiency standards in domestic housing.

However, the future looks very murky for energy. It has been made clear that Conservatives wish to end subsidies for all new onshore wind farms “unable by themselves to provide the firm capacity that a stable energy system requires,” according to the manifesto. A fair argument, considering they are causing energy bills to rise.

A big fear is the promised referendum regarding EU membership. If the UK were to break away from Europe, this would cause a huge headache for energy companies across the supply chain. Europe is more interconnected than ever regarding power and gas, with cables soon to go through the Eurotunnel as well as gas pipelines that supply mainland Europe running through the country.

Shale gas will get unequivocal support, to the extent of a Norwegian style reinvestment programme. “We will create a Sovereign Wealth Fund for the North of England, so that the shale gas resources of the North are used to invest in the future of the North,” laid out the Conservatives in the manifesto. A solid investment case, so long as shale gas proves to be extracted safely, the only true obstacle to its development.

Overall, with a majority single-party, politics isn’t dead, and the Conservatives are free to govern as they please. One policy all of us can be glad will not happen is Labour’s 20-month price freeze.

Alfa Energy Group

Alfa Energy Group, an Edison Energy company, is an international energy, sustainability and technology consultant partner with 250 employees over 3 international locations. For over 25 years, Alfa has been servicing its clients’ needs through energy and water management, sustainability, and compliance consulting, and an intuitive ecosystem of user-driven energy, water, and carbon management software platforms. With coveted awards, an international industry-wide recognition, and clever simple solutions, today Alfa is partnering with clients to establish and deliver pivotal net zero strategies. Through smart energy management, the expertise and diligence of its people, transparent processes, and data management, Alfa continues to lead through its recognised gold standard of service delivery.