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Evening Standard

Business

Emily Beament

‘Sheer fantasy’ to claim draining North Sea oil would would cut bills – experts

Oil North Sea Donald Trump United Kingdom Starmer Electricity

Draining all the oil from the North Sea would save householders less money than (Andrew Milligan/PA) - (PA Wire)

Claims that drilling in the North Sea will significantly save households money are “sheer fantasy”, experts have warned as analysis showed renewables could cut bills by hundreds of pounds.

Analysis by the University of Oxford Smith School showed a UK fully powered by renewable energy, with electricity coming from clean sources and people using technology such as electric heat pumps for their home heating, could save households up to £441 a year on bills.

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