Cheap renewable energy requires focus


The price cap is set to rise by £117 – switch supplier to cut your bills by up to £447* & the chance to win a Fitbit (T&Cs apply).

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

The government must focus on a single source of renewable energy if it is to provide consumers with a reliable supply, it has been claimed.

According to Eddie Hyams, an investor in the UK's low carbon economy, the UK must stop spreading its resources too thinly across a wide range of new technologies.

Speaking at a renewable seminar in London organised by clean IT technology provider Carbon International, Mr Hyams said: "The government is using what I'd call pay and spray, with lots of little bits here and there."

"What the UK has got to do is decide which technology it wants to be good at and then focus on that," he added.

However, the private equity partner in Englefield Capital said that many investors had been too harsh when forming opinions on the funding policies outlined in chancellor Alistair Darling's Budget.

Whitehall plans to invest £525 million in offshore wind turbines through a reform of the existing Renewables Obligation.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more