Executive Summary
Affordable, reliable energy is fundamental to economic growth, national security and improving living standards. This policy reforms the UK’s energy system to deliver lower prices for households and businesses while maintaining a secure, resilient and lower-carbon electricity network.
Key proposals include introducing a National Domestic Energy Tariff to simplify household pricing, reforming the wholesale and retail electricity market to ensure consumers benefit from low-cost generation, creating an Industry Power Stations Strategy that enables businesses to become local energy hubs through on-site generation and storage, and introducing regional electricity pricing for high-energy industries to encourage investment where surplus generation and network capacity exist.
The objective is simple: make the UK one of the most affordable and competitive places in the world to power a home or run a business.