Britain needs to reduce energy costs to achieve its climate objectives.

Britain needs to lower electricity prices to accelerate the adoption of technologies that reduce emissions, such as electric vehicles and heat pumps, to achieve its climate goals, according to a report from the country’s climate advisers released on Wednesday.

The UK aims for net zero emissions by 2050, requiring the electrification of sectors like heating and transport, which are currently mostly reliant on fossil fuels, while also dealing with high electricity prices.

"The most crucial recommendation for the government is to reduce electricity costs for both households and businesses," stated Piers Forster, interim chair of the Committee on Climate Change, during a briefing on the annual report.

"If the country is to benefit from the transition to electrification, we need to see that reflected in utility bills," he added.

Britain's energy regulator Ofgem, which caps domestic energy prices, cut the limit by 7% starting in July. However, it is still about 50% higher than in the summer of 2021, before the gas price surge due to Russia's invasion of Ukraine, which led to an energy crisis in Europe.

The Committee releases annual reports on the government's progress towards climate targets.

With more initiatives, Britain can achieve a 68% reduction in emissions from 1990 to 2030, as pledged under the Paris climate agreement, according to the report.

It made 43 key recommendations, which include reducing energy costs, expediting grid connections for new clean energy projects, mandating low-carbon heating systems for new homes, and establishing a net zero skills action plan.

Britain’s emissions have already decreased by about 54% since 1990 due to the growth of renewable energy capacity and the closure of coal-fired power plants.