The business secretary, Kwasi Kwarteng, is considering how to reduce the impact of rising energy costs on Britain’s households. Since October the market price for natural gas has jumped from £2.50 a therm to £4.50 before dropping back to £1.70. In recent days it has begun to tick up again and on Wednesday it hit £2.23 a therm. To give a measure of the shock to the economy from rising energy prices, in January 2021 the price was about 50p a therm. And it’s going to get worse with the Russian invasion of Ukraine. We need to toughen up! We also need to sort our own energy sources out. We have plenty of oil and gas. Sort it Boris!
Feb 2022. The Crazy UK Energy Policy
