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Best of the Spectator

Can the UK secure its precarious energy supply?

Best of the Spectator

The Spectator

News Commentary, News, Daily News, Society & Culture

4.4785 Ratings

🗓️ 30 January 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Russia’s invasion of Ukraine exposed the insecurity of the UK’s energy supply. We may not have been reliant on Russian gas like our European neighbours, but that didn’t mean we avoided higher energy bills. The government had to seriously consider how the UK would cope with a blackout.

Britain’s experience this winter has prompted a discussion about how we can safeguard our energy supply and avoid another precarious winter. On this podcast, Cindy Yu, The Spectator’s assistant editor, is joined by Laura Sandys, a former Tory MP who also chaired the government’s Energy Data Taskforce; James Murray, an environmental journalist who founded the website BusinessGreen; and Greg Jackson, the founder and CEO of Octopus Energy Group.

This podcast is kindly sponsored by Octopus Energy Group.

Transcript

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0:00.0

The invasion of Ukraine almost a year ago has exposed the insecurity of the UK's energy supply.

0:13.0

We've long relied on imported fossil fuels, all fossil fuels dictated by international prices.

0:20.0

We're now deep in a winter of discontent where people face a severe cost of living crisis,

0:25.1

not helped by rising energy bills.

0:27.7

So looking ahead, how can the UK secure its energy supply to prevent another precarious situation,

0:33.7

as we've seen this winter, from happening again?

0:36.7

I'm Cindy Yu, the Spectator's assistant editor.

0:39.8

I'm joined on this podcast by Laura Sand, OBE, former Tory MP,

0:43.9

and who also chaired the government's energy data task force,

0:46.9

which investigated how more data could transform our energy system.

0:51.3

James Murray is an environmental journalist who founded the website Business Green.

0:56.2

And Greg Jackson, founder and CEO of Octopus Energy Group, who are currently sponsoring this podcast.

1:03.2

So welcome everyone. Now, to start with James, I wondered if you can start by giving listeners an idea of Britain's energy mix and by extension just how secure

1:13.0

our supply is, because over the last year has definitely felt precarious, were the government

1:18.0

still not ruling out blackouts and so on? Yeah, so the first thing to say is it's just changed

1:23.2

massively over the last decade, and it's a bit of an underreported story. So back in 2010,

1:28.8

the UK was getting three quarters of its power from coal and natural gas. And a huge chunk of

1:34.0

that was actually from coal. You know, that was kind of almost 40% of the mix. And then by the end of

1:38.5

the decade, so a couple of years ago, you know, fossil fuels were around 40% of the mix. And you

1:44.1

were seeing closer to 60% coming

1:46.2

from nuclear and renewables, and a sort of huge and growing chunk from renewables. Last year,

1:52.5

gas was 38.5% coal was virtually non-existent, and the large chunk was coming from sort of 26 upwards

...

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