The UK retail energy market is broken, here's what you can do

The UK retail energy market is broken – our Energy Market Crisis: A UK Perspective Report seeks to explain how it affects your business, what you can do about it and why we are in this critical situation.

Discover how market supplier behaviour has changed in light of the rising wholesale energy costs, explore market drivers, and how you can readdress the balance and mitigate the risk to your business with our 3-step plan.

An unwelcome new normal

The UK retail energy market is broken – this document seeks to explain how it effects your business, what you can do about it and why we are in this critical situation. A competitive, low margin sector is contracting quickly (globally), and consumer options are the lowest since full market liberalisation 24 years ago. 

With price swings of huge proportions, the fragility of the energy supply chain is under the spotlight more than ever. Comparisons between the financial crash of 2008 and the present-day energy crisis have been drawn, and it is easy to see why parallels in history have been made. Liquidity has dried up; businesses don’t trust each other as counterparties, and it is no longer a buyer’s market.

Whilst it is hard to pinpoint the current energy crisis down to a single conclusive factor, the current chaos is an unfortunate, but very real, “new norm”. The Russian driven crisis has shown the fragility of UK Energy Policy through our over reliance on imported energy which has exposed consumers to the mercy of record high commodity prices and made energy users increasingly susceptible to extreme pricing events. 

Unlike Russia, the current energy crisis does not pick and choose its opposition, with surging wholesale gas prices a global issue-driven through a perfect storm of market forces, affecting the price of energy for both domestic and commercial customers.

Unlock full report​

2022 Energy Crisis - Report - PDF