“The Conservatives have a cheap power plan to slash energy costs for the entire economy. It involves hard-nosed choices: repealing the Climate Change Act 2008, axing the emissions trading scheme, scrapping wind and solar subsidies, investing in nuclear and getting the North sea drilling again.”

Where it stands

The Conservatives are not in government, so the card stays at Promised. Claire Coutinho, then Shadow Energy Secretary, announced the repeal of the Climate Change Act and the first Cheap Power Plan policies (to "axe the Carbon Tax on electricity generation" and to scrap old wind farm subsidies) at the party's 2025 conference, and the party's policy page lists repealing the Act and axing the "Carbon Tax".

What has happened

1. Sep 2026Conservative frontbencher Julia Lopez tells the Commons the Conservatives' cheap power plan involves repealing the Climate Change Act 2008, axing the emissions trading scheme and scrapping wind and solar subsidies, Promised

About the cost

No costing of the effect on the public finances published. The party's figures are savings on bills, not public-finance figures: it says axing the carbon tax would cut bills by almost £8bn a year (6 October 2025 speech) and that the plan would save households £200 a year, and a report by Onward that the party published on 19 August 2026 puts savings on electricity bills at over £320bn by 2050. The party's savings list includes £1.6bn from scrapping "green subsidies", with no year and no list of which subsidies.

• Conservatives: Energy is prosperity (Claire Coutinho conference speech), 6 Oct 2025
• Conservatives: The Hidden Cost of Net Zero, 19 Aug 2026
• Conservatives: Our Plan for Britain (policy page)

More detail

Related promises

• Cut manufacturers’ electricity bills by up to 25%Blair McDougall · LabourIn plan
• Abolish the zero emission vehicle (ZEV) mandateConservative PartyPromised
• Cut energy bills by over £250 a yearReform UKPromised