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UK general election 2015: potential energy market implications

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06 May 2015

UK general election 2015: potential energy market implications

Report summary

This week's UK general election looks set to be one of the most closely-fought in years, with no single party projected to secure an overall majority in parliament. Despite common ground between the four parties- the Conservatives, Labour, the Liberal Democrats and the Scottish National Party (SNP) - the eventual composition of government could have significant implications for the development of the UK energy market.

Table of contents

    • Deficit reduction will continue to be prioritised, but parties differ on relations with Europe
    • The focus of power sector decarbonisation efforts could shift post-election
      • New nuclear development
      • Renewable electricity supply
      • Carbon price support
      • Carbon capture and storage (CCS)
    • Upstream supply – focused on fracking
    • Party emission cutting strategies vary ahead of the UN Climate Change Conference
    • Retail energy pricing and competition
      • Policy summary
      • Conclusion

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    UK general election 2015: potential energy market implications

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