Electrifying homes: how it is meant to cut your bills

At the UN climate conference COP31 in Antalya, Türkiye, Britain has backed a major international pledge to electrify homes, transport and economies. The Prime Minister delivered the UK National Statement, linking electrification to energy security, good jobs and lower bills.

What is the '35 by 35' pledge?

Today, less than a quarter of the world's energy is supplied through electricity. The '35 by 35' pledge, proposed by Türkiye and endorsed by the UK, aims to raise electricity's share of global energy use to more than a third — around 35% — by 2035, so economies rely less on imported fossil fuels and more on homegrown clean energy.

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How does it connect to UK bills?

Energy Secretary Miatta Fahnbulleh said a crisis thousands of miles away should not decide what British families pay for energy. The government's logic: homegrown clean energy and electrifying homes reduce exposure to global fossil fuel price shocks — and so, bills.

What is already happening in Britain?

According to the government, more than £110 billion of clean energy investment has been announced since July 2024. The Warm Homes Plan is helping households install solar panels and heat pumps, alongside new plug-in solar that can help families cut bills.

What does it mean for you?

There is no direct effect on today's bill — this is a long-term direction. But if you are considering a heat pump or solar panels, check the terms of current support schemes. Up-to-date tariffs and consumer protections are published by Ofgem, the energy regulator.

Will it cut my bill this winter?

The short answer is no — not directly or immediately. Backing the '35 by 35' pledge at COP31 is a strategic direction for years ahead, not a one-off discount on your bill. Your current tariff is still set by the price cap and your supplier's terms. The point of electrification is different: over time, to reduce the country's exposure to global fossil fuel price shocks that pushed bills up sharply in recent years.

What you can do now: if you are considering a heat pump, solar panels or insulation, check the terms of the current Warm Homes Plan and other support schemes — some can cut installation costs. Compare supplier offers and check Ofgem for current tariffs and your consumer rights. This article is for information and is not financial advice.

Context matters too: the pledge was made against years of instability and price shocks on global fuel markets. That is why officials link 'homegrown clean energy' so firmly to steadier bills. For an ordinary household, the sensible approach is not to expect an instant effect from international declarations, but to use the concrete support schemes already running and to compare supplier tariffs regularly.