A coherent response is needed to the energy crisis which delivers both in terms of fairness and net zero. This paper sets out the need to actively engage civil society in these issues and argues for urgent investment in energy efficiency. It explores options for providing social protection both short-term to help people this winter and medium to longer-term to ensure that retail energy markets are fit for the future.

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To help customers get through the current energy crisis there is a need for targeted financial support but also a real push on home insulation and wider energy saving actions. This would not only help households struggling this winter but is essential in tackling the pressing challenge of climate change.

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This technical paper is a welcome expert contribution and 'explainer' from Dr Chris Harris. It sets out basic economic considerations in energy supplier hedging and discusses how these may interact with energy volumes, wholesale prices and the price-cap in a period of major uncertainty. He raises important questions about our near-term readiness and resilience for a cold winter and he stresses the short and longer-term imperative for energy saving.

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