Reducing reliance on imported energy is presented as a national-security priority. The proposed approach encourages households to install solar panels, batteries and ground-source heat pumps. Meeting more domestic demand locally is expected to improve resilience even when it looks less impressive than a large central project. More electric cars are also favoured because they would reduce the economy's exposure to changes in petrol prices. The fiscal consequence is acknowledged: lower petrol and diesel purchases would reduce fuel-tax income. In this policy preference, resilience takes priority and the replacement tax arrangements would then need to be worked out.
Notable Point · 2:54:13-2:55:39
Domestic energy investment as national resilience
Household generation, storage and electrification are proposed as ways to reduce Britain's exposure to imported energy and fuel prices.