Insight
UK general election 2015: potential energy market implications
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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
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Executive summary
- Deficit reduction will continue to be prioritised, but parties differ on relations with Europe
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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
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Retail energy pricing and competition
- Policy summary
- Conclusion
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