Reform’s Richard Tice has written to green energy bosses warning them that a Nigel Farage-led government would terminate green subsidy contracts associated with Labour’s Clean Power 2030 agenda. He argues that the economics do not add up and that operators do not have a social licence to operate with their intrustive infrastructure.

In response to Tice’s letter, Maurice Cousins, Campaign Director at Net Zero Watch, said:
"Richard Tice is absolutely right to put developers on notice that any new investments will become stranded assets under a Reform government. The cost-of-living crisis is voters’ top priority and expensive green energy is a major driver. This is the political reality investors must confront. 

But the real problem with renewables is not political risk but nature itself: the fundamentals of physics and economics, which make wind and solar inherently uneconomic. The industry has been constructed on subsidy, not on market fundamentals. After decades of windfarm handouts, consumers can no longer afford to foot the bill. Politicians can’t override physics or economics - no matter how much they subsidise failure."

Tice’s intervention comes at a time when political risk around Net Zero is rising fast, as public concern over energy bills mounts and cross-party consensus begins to fracture. For further background information of the political risks facing Clean Power 2030 and the upcoming renewables auction, see our latest briefing note here.