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Conservatives say scrapping net zero rules could cut energy costs
A report by Onward, backed by the party, estimates the policy adds about £540 per household a year between 2030 and 2050, based on modeling of UK energy bills and network spending reforms.
The UK Conservatives say households could save about £540 a year after 2030 if net zero regulations are scrapped, and they argue the policy focus should be on making energy cheaper, according to OilPrice.
A report published by the centre-right think tank Onward and backed by Conservatives estimates net zero would add an extra £540 per household a year between 2030 and 2050. OilPrice notes the headline figure is distributed across bill payers rather than framed as a direct forecast of what an individual household would see on its bill.
The Onward report, titled Firm Foundations and modeled using consultancy Transira Energy inputs, projects that fully pursuing net zero by 2050 would cost the UK about £320 billion between 2030 and 2050, spread across roughly 29 million households.
Onward also says its own bill modelling points to a smaller reduction closer to £200 a year by 2035 for a household with average energy consumption, rising to £290 if additional changes are adopted, such as moving items including the Warm Home Discount and other energy costs into general taxation and cutting debt-related costs.