https://www.smithschool.ox.ac.uk/news/drill-baby-drill-approach-north-sea-would-cost-households-more-fully-renewable-uk-finds-oxford
A UK powered fully by renewable energy could save all households up to £441 a year on their energy bills, according to a new analysis. In comparison, maximising oil & gas extraction from the North Sea would save households a modest £16 - £82 per year - and only if the tax revenues collected were distributed to households to offset their energy bills
“Drill baby drill” approach to North Sea would cost households more than a fully renewable UK, finds Oxford analysis
A UK powered fully by renewable energy could save all households up to £441 a year on their energy bills, according to a new Oxford Smith School analysis. In comparison, maximising oil & gas extraction from the North Sea would save households a modest £16 - £82 per year - and only if the tax revenues collected were distributed to households to offset their energy bills, the authors say.




