Boris Johnson is preparing to unveil an “energy supply strategy” to enhance the UK’s self-sufficiency as he looks to reduce imports of Russian oil and gas following the invasion of Ukraine.
But industry experts have warned the prime minister has few quick fixes. For some, the energy crisis, which has exposed households to record prices, has highlighted the failures in recent decades of energy policies, which all too often have relied on market forces.
“We have marketised and outsourced our energy security and we are realising in emergency times those market signals can be very difficult to deal with,” said Mike Bradshaw, professor of global energy at Warwick Business School.
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