Using smart electricity grids alongside gas could save the UK £700bn by 2050 and help achieve low carbon targets, an energy company has told the Government.
Energy Network Association gave their findings to the DECC Select Committee in response to the Energy Market Reform consultation.
Tony Glover at the ENA told Shadow Energy Minister Huw Irranca-Davies: “The cost of meeting low carbon targets could be reduced by developing a smart grid in tandem with the smart meter roll-out. The smart grid can help facilitate this by ensuring energy is used more efficiently.
“According to a report commissioned by ENA with gas as a central part of the future energy mix there could be savings of up to £700bn between 2010 and 2050 – around £20,000 a household or £10,000 per person – relative to scenarios where gas is phased out of the energy mix by 2050.”
However, MP Tim Yeo questioned the wider impact that such cheap gas would have on EMR targets: “If we have lots of cheap gas, it questions whether we’re going to electrify heating. Why would you switch to electricity as a consumer if you can get your gas very, very cheaply and conveniently?”