Britain is once again paying the price of an energy system that is more effective at extracting profits than delivering security. Illegal war and geopolitical disruption are sending fossil fuel prices soaring – and because our electricity market turns volatile gas prices into higher electricity bills, families here risk paying the cost. The government is already unpopular. How it responds to this crisis, and the wider crisis of affordability, will define its legacy. Its instinct has been to double down on clean power. That has strong merit – but understanding that strategy’s limits shows why deeper reform is urgently necessary.
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