The Committee's recent interim report on the cost
of energy called for an ambitious new scheme to write off
billions of pounds of consumer energy debt, which is acting as a
drag on costs and reform across the energy system and keeping
millions trapped in fuel poverty.
The inquiry will now turn to the causes of high energy costs in
the UK and how to tackle them.
The Committee has heard evidence that some of the blame for the
UK's high energy costs lies with the national energy model.
Designed to foster competition after the energy sector was
privatised, the current system may not be structured to drive the
transition to renewables. The energy price spike following
Putin's invasion of Ukraine led to widespread energy supplier
failures, exposing regulatory weaknesses and adding further
costs.
Across two panels the Committee will examine the operation of the
UK's wholesale electricity market, where reforms are needed to
help bring down the cost of electricity, what the future is for
gas and how we can get more renewables built and connected to the
grid.
On Wednesday 10 December
at 3pm
- Susie Elks, Senior Policy Advisor at E3G
- Tom Edwards, Principal Modeller at Cornwall Insight
- Professor Michael Grubb, Professor of Energy and Climate
Change and Director of UCL Centre for Net Zero Market Design at
UCL
At 4:00pm
- Ana Musat, Executive Director, Policy & Engagement at
RenewableUK
- Tom Glover, UK Country Chair at RWE
- Adam Bell, Director of Policy at Stonehaven
