UK energy department DESNZ has rejected research published by the Institute of Economic Affairs think tank suggesting the cost of the country’s clean energy transition has been “systematically understated”.

The group’s analysis accuses officials at various public bodies of using “misleadingly low figures” in their calculations around net zero policies by “moving the goalposts” of their methodologies and relying on “increasingly unrealistic assumptions”.

Numbers produced by system operator NESO, the Climate Change Committee, the Treasury and the Office for Budget Responsibility are disputed by the think tank, which argues “fantasy assumptions” have been used to arrive at inaccurate costings.

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