Energy and energy security are now top of the agenda and undergoing a reset, like it or not. What should the UK’s energy future look like? Both wholesale and retail markets, always arguably false markets, have failed catastrophically in their core mission of providing choice, driving up standards and bearing down on prices. Why? How? And what comes next?
The price guarantee leaves government as effectively a monopoly customer in control of supply. But what of governance and safeguards? Is real competition achievable or even desirable? What of renewables and efficiency savings? What, of security of supply and prices? Are any of the solutions currently on offer more than sticking plasters?
With John Penrose MP, Prof Richard Murphy and Barry E James