Government and IEA hold energy security summit: comment

"In the UK anyone who has an energy bill, from households to heavy industry, know that we have paid a price for our over-reliance on gas over the last few years and yet we remain, as the Energy Crisis Commission said, critically vulnerable to future price shocks [2]. Volatile gas markets mean bills remain unstable four years after the start of the energy crisis.

“Oil and gas from the North Sea is waning and cannot bolster our energy security, not least as we cannot control the price of oil and gas as our domestic production and market is just too small. A clear message from leaders at the summit has been that net zero means not only stopping the production of emissions that cause climate change, but also new industries that offer a chance to boost growth, increase energy security and stabilise bills. The UK's net zero economy grew by 10% last year, three times more than the rest of the economy [3], confirming what other counties also see; that it is the growth sector of the future."