Energy is becoming less affordable and less secure in the UK
And the government doesn’t seem to care
It's one thing to say ‘we can outbid China for LNG’, but that means extraordinarily expensive gas that has to be repaid by ordinary people who are already struggling to pay their bills when prices don't yet even cover the ‘war premium’ since Russia invaded Ukraine, let alone the additional price that would be levied if Russian gas stops flowing to Europe. What happens when consumers just stop burning gas because it has come to that question of ‘do I turn on the gas boiler or feed my kids’? You can probably do more to stay warm than you can to survive going without food.”
Energy poverty will become a huge socio-political issue here in the UK next winter, yet the government seems indifferent to this escalating crisis — and its energy security ‘strategy’ will do precisely nothing to alleviate the pain of swingeing energy price hikes.
That’s the main takeaway from yesterday’s podcast, which ended up being a monologue (by me) because my guest, Utilita CEO Bill Bullen, was sadly unable to joi…