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53 min ago 2 min read
The UK government is to introduce an Energy Independence Bill to scale up homegrown renewable energy and boost energy security.
King Charles III confirmed the bill in his speech today, marking the state opening of parliament and new legislative agenda for the coming year.
“Energy independence must be a long-term goal of national security, and the nation’s energy security requires long term investment and reform – as demonstrated by recent events in the Middle East,” he said.
The bill will strive to accelerate clean energy technologies, speed up the approval process for renewable projects and infrastructure and expand the powers of energy regulator Ofgem.
He said ministers would work towards a “new era of British nuclear energy generation”.
The UK relies on Norway and the US for most of its energy supply, and fossil fuels still constitute over 70% of the UK’s total supply.
US liquefied natural gas (LNG) exports are expected to make up two-thirds of total European LNG imports in 2026 .
UK inflation rose to 3.3% in March 2026, driven by a sharp jump in fuel prices resulting from the war in Iran.
“The shock is global, yet asymmetric,” notes an International Monetary Fund paper. “Energy importers are more exposed than exporters, poorer countries more than richer ones, and those with meagre buffers more than those with ample reserves.”
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