Rupert Pearce, CEO, HighviewPower
The UK’s reliance on gas
British reliance on volatile international gas markets has come into sharp focus. Spikes in energy costs led to Ofgem’s 80% price cap increase to £3,549 at the end of August. Less than two weeks later the government announced a two-year “Energy Price Guarantee” limiting consumer costs to £2,500. After an outcry at the estimated £140 billion that this would cost the British people, the scheme will now only run until April 2023.
With energy the most important issue facing Britons today, a recent YouGov survey[1] revealed that 43% of UK adults believe the country imports too much gas. This increases to 54% among those who voted Conservative in the 2019 general election. With energy top-of-mind, it should be no surprise that 81% of UK adults support government investment in energy storage.
But the plan…
The Long-Term solution to our energy crisis is long-duration energy storage
