Whilst the votes are being counted and verified, sounding something like a TV show, we thought we would give you the run down of the different energy policies from the political parties.
There are seven major parts to the energy policies; Technology, Carbon, Security, EMR, Shale Gas, Competition and ?other?.
Labour, Scottish National Party and the Liberal Democrats are pro-renewables with Labour offering a focus on a new Energy Security Board and procuring new renewables. Both Labour and the Liberal Democrats will offer increased investment into carbon capture and storage.
The Conservatives and UKIP are both unfavourable in their views for renewables, with The Conservatives confirming there will be no further subsidies for onshore wind energy generation. UKIP are heavily anti-renewable energy as their view is that renewable energy is too costly to develop, produce and store. They also believe that renewable energy isn?t very reliable and would threaten the security of the UK?s energy supply.
Perhaps one of the most talked about points in the energy industry over the past few years? The Climate Change Act bought into place in 2008 established the world?s first legally binding climate change target, with the UK aiming to reduce greenhouse gas emissions at least 80% (using figures from the 1990 baseline) by 2050.
The Scottish National Party have an ambitious global climate change agreement and they would like to see the UK adopt this ambitious target also. At the other end of the scale we have UKIP who want to see the 2008 Climate Change Agreement repealed as they say this has cost the UK £720bn over 40 years.
The Conservatives, Liberal Democrats and Labour all have made commitments around reducing carbon. The Conservatives have made no explicit reduction target however they have said that they will continue to support the Climate Change Act, however they will not support any power targets that ?will be distorting and expensive?. Labour will create a 2030 decarbonisation target for the power sector, as will the Liberal Democrats. However they have also gone a step further and will create a new legally binding target to reduce net greenhouse gas emissions to zero by 2050.
Across all parties there is an agreement that the security of the UK?s energy supply is highly important. The Conservatives want to focus on supporting the UK supplies and reducing the dependence the UK has on foreign supplies. Labour will support the National Infrastructure and deliver a 30-year plan for this.
As expected by now UKIP have confirmed that they would cancel all renewable subsidies with The Conservatives, Labour and the Liberal Democrats all supporting EMR. The Scottish National Party support CfDs and will support projects in Scotland as a priority.
The infamous Fracking. A huge media focus over the last year and probably one of the more closely looked at energy policies of the parties. The Conservatives and UKIP are very pro-shale gas for the reasons that fracking would increase the UK?s energy independence. Labour and the Liberal Democrats are both reservedly supporting shale gas, however they have both stated that this is with the necessary safeguards in place. The Scottish National Party outright oppose.
All parties, apart from UKIP whose position is unknown, are pro-competition within the industry. The Liberal Democrats want to back new entrants into the energy market, The Conservatives want to promote competition to keep energy bills as low as possible and Labour will enhance powers to penalise suppliers who will partake in anti-competitive behaviours.
The Conservatives want every home and business to have a smart meter by 2020, this would ensure accurate billing and get rid of that rather annoying ?estimated bill!? ? I?m sure our data team is happy with this one!
Labour want to see a 20 month energy price freeze out to January 2017, allowing energy prices to fall but not rise.
The Liberal Democrats want to introduce tax incentives to those who decrease their energy usage.
UKIP would scrap the large combustion plant directive.
The Scottish National Party would keep the focus on gas and oil. They would promote pro-community energy and heating schemes.
So, my question to you, if you were put in charge of the UK today what would your energy policy focus be? Do you have any ideas that you want to see put in place in the UK?