DECC: Consumers won't thank us for choosing "bargain basement" energy policy.

Ravi Gurumurthy, Director of Strategy. “At DECC we’ve developed an open-source, peer-reviewed online tool, the 2050 Calculator, to help us understand the uncertainties, to expose the trade offs and to make sure our policies today are not regretted decades hence. The calculator now includes costs and takes a whole-economy approach to assessing the varying plausible scenarios for keeping the lights on and meeting our statutory target of cutting emissions by 80 per cent by 2050. No one scenario is assured but, by way of illustration, our most cost-effective scenario (the so-called Markal pathway) foresees a future that is marginally cheaper than doing nothing. Crucially, Markal would result in a balanced electricity generation mix in 2050 with 33GW of nuclear, 45GW of renewables and 29GW of fossil fuels with CCS. / Contrast this to AF Consult’s new report Powerful targets: Exploring the relative cost of meeting decarbonisation and renewables targets in the British power sector, reported in the Sunday Times this weekend. This claims renewables are a costly addition to our future energy mix. / But the report’s conclusions are undermined by its assumptions, which skirt over four crucially important factors.”