
Renewable vigour
Energy debate , Issue 1672
ENERGY secretary Ed Miliband is determined not to let a good crisis go to waste, proclaiming it to be a reason for pouring even more money into building wind and solar farms.
"From the moment this war began, we have been determined to go further and faster on driving for clean power," he said. "We can only get energy sovereignty and national security with homegrown power we control".
Alas, this stirring call doesn't explain how the UK will fare over the next 30 years, when it will still require large quantities of imported gas and oil under any scenario (wind power currently generates about 7 percent of UK primary energy; oil and gas ten times as much).
Even Jürgen Maier, the chair of Miliband's much-vaunted new "GB Energy" company, recently went off-script, writing that even though the "end game (is) mostly renewable energy", he saw merits in "arguments in favour of supporting more North Sea oil production".
Nor, wisely, does Miliband make any claim about the cost of his plans, which will, as he clearly knows, make electricity bills higher still, whether or not things get back to normal in the Gulf.
Young Windy replies:
IN THE long term – in fact, even in the medium term – every realistic scenario for the North Sea shows dramatic decline in production.
North Sea experts like Old Sparky appreciate that the main benefit of fields like Rosebank and Jackdaw is that they'll raise a chunk of tax, support jobs and reduce imports. While we wait for the North Sea to go out of business, we may as well use what we've got.
If the Middle East isn't a nest of singing birds within the next few weeks, a bit of extra extraction will help supply concerns, even though it will be too small to have an impact on price. But in the medium term, the most effective security mechanism will be to reduce demand ASAP.
The National Grid operator, Neso, has calculated that a scenario where the UK meets its net zero targets will reduce oil and gas imports by 78 percent – not bad for improving our energy security. In the scenario where net zero targets are not met (or are even scrapped as Nigel Farage and Kemi Badenoch advise), imports would actually rise by a full third, even if we drill more.
So how to reduce demand, aka the "primary energy" requirements Sparky mentions above? It's all the boring business of converting inefficient sources of "energy services" – petrol and domestic gas – to more efficient electricity. In practice, this means heat pumps, electric cars, solar and batteries.
The UK is just about keeping the EV transition on the road, and solar 'n' storage are increasing each year, but the government remains drastically below its targets for heat pumps, each of which reduces a household's gas consumption by 80 percent.
One final thought: the drill-baby-drill cheers echoing between Reform UK, the Tories and the editorials of the Times and Telegraph don't pay any attention to carbon emissions, which remain real, rising and a serious threat to overall UK security (if in doubt, ask your nearest arable farmer).
Donald Trump doesn't have to worry about what the weather will be like in 30 years – he'll be somewhere hot by then – but many of the rest of us do.
More top stories in the latest issue:
DRILL BITS
Asked about offshore oil and gas fields, Keir Starmer said it was not his decision – ie he has yet to adjudicate between Rachel Reeves and Ed Miliband.
DELEK-TABLE DESSERT
If the pressures created by the Iran war do lead to drilling reopening in the North Sea, it will represent a financial win for one well-connected company.
COLD FLEET
Reports suggesting that the naval support ship RFA Lyme Bay is on its way to clear Iran's blockade of the Strait of Hormuz may be a little premature.
FUJITSU'S SHORTFALL
Peers are calling for Fujitsu to be given no more juicy government contracts while it has paid out no compensation for its role in the Horizon scandal.
META BOLLOCKS
Claims of a "big tobacco" moment after Meta was found guilty in US courts of designing addictive products should perhaps be confined for the moment.
VIRAL BACTERIA
While MPs were taking evidence from Meta, TikTok, X and Google about online misinformation, the Kent meningitis outbreak was telling its own story.
BUZZ KILL
Unidentified drones are being sighted around UK oil, gas and wind installations in the North Sea, causing concern for offshore workers.
GIFT RAP
With Philip Rycroft's review of party funding being framed around the spectre of "foreign interference", Labour's biggest donors will remain untouched.



























