The local solution to the global energy crises
Matthew Clayton, CEO of Thrive Renewables, outlines his opinion on how green community energy can build resilience against fossil fuel price shocks.
The Iran conflict is a stark reminder of a hard truth: when global fossil fuel markets are shaken by geopolitical events, British consumers pay the price. Prolonged disruption to gas supplies caused by the conflict could reportedly see households face energy bills as high as £2,500 a year, as wholesale gas prices treble.
Sadly, we have been here before. Four years ago, the energy price crisis brought about by Russia’s invasion of Ukraine resulted in UK bill payers forking out eye-watering sums to keep the lights on. It also led to the Government spending £50 billion to support households, meaning a double hit for taxpayers.
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