GOV ANNOUNCES WAR! (on energy prices)

A great quick summary just dropped from Heat Geek on YouTube breaking down today's latest announcements from the UK Government (via Ed Miliband) regarding energy prices and green infrastructure. It looks like some serious systemic changes are finally in motion:

• Delinking Renewables from Gas Prices: They are introducing new legislation and tax changes to finally decouple the price of renewable electricity from wholesale gas prices. This is a massive systemic fix that should allow consumers to actually benefit from cheap green energy.
• 10+ Gigawatts of New Generation: Heavy investments are being made to fill public brownfield sites with new wind and solar generation. This could add over 10GW to the grid (for context, the UK's peak requirement is around 60-70GW, so this is roughly a 15% boost).
• £9,000 Heat Pump Grants: For homeowners looking to decarbonize, the Boiler Upgrade Scheme (BUS) grant is being bumped from £7,500 to £9,000 for anyone replacing an old oil or LPG boiler.
• Ending the Crisis Cycle: As the host points out, we are in our second major fossil fuel crisis in 5 years. Redesigning the system around renewables breaks the cycle of international conflicts dictating local heating bills.