Plaid Cymru has pledged to cut the energy bills of customers in Wales by establishing a Welsh energy company. In its manifesto for the general election, published today (17 May), the nationalist party said the proposed energy company would channel the profits from Wales’ abundant renewable energy into cutting the cost of Welsh consumers bills. Plaid proposes that the energy company would also support a shift in Wales to decentralised and distributed energy networks. The manifesto also pledges that Plaid would increase energy generation from renewable sources, including the delivery of tidal lagoons in Swansea Bay, Cardiff and Colwyn Bay. The Welsh nationalists would transfer responsibility over Welsh energy generation to the National Assembly in Cardiff with the goal of achieving self-sufficiency in electricity generation from renewables.
Utility Week 17th May 2017 read more »
It is well known that renewable energy projects have significant environmental benefits, but they also have significant local social benefits that are often overlooked, especially for regional areas. These include: Direct local employment creation and skills development: through the construction and operation of renewable energy businesses and projects (and often through the provision of complementary energy efficiency services); Indirect employment creation: by reducing the amount of money that leaves regional areas through the generation component of electricity bills, which is in the order of 10s of millions of dollars per year. Local generation of electricity keeps this money in the area, which can then circulate through the local economy with a multiplier effect to create local employment; Local resilience: at the household or business level by enabling ride-through of brown outs and blackouts, with the potential for the creation of semi-autonomous embedded networks, where entire regions can stay electrified. There is a clear role for local governments – not only to facilitate the uptake of smaller-scale renewable energy and energy efficiency, but also to guide this in order to maximise local benefits, such as employment creation.
Renew Economy 18th May 2017 read more »