Fixing the electricity system
The UK has the highest industrial electricity prices in the developed world, despite paying only average prices for gas. Independent research shows that years of high energy costs have made the cost-of-living voters’ top concern, fuelling public anger and political polarisation.
Yet even sceptics of the renewables agenda often misunderstand the core problem. Cutting subsidies alone will not lower prices. As Octopus Energy and E.ON told Parliament’s Energy Security and Net Zero Committee, even if gas prices halved or fell to zero, electricity bills would still rise. But why?
