Academy Of Ideas

The war in Iran and the closure of the Strait of Hormuz have focused attention on skyrocketing energy prices, leading to demands to encourage more output from the North Sea and causing travel chaos in Ireland. But bills were already high before this happened. This discussion with three experts, recorded at the Battle of Ideas festival 2025 at Church House in London, explains why - war or no war - we're all paying too much for energy. ORIGINAL FESTIVAL INTRODUCTION Heating or eating? That has become a burning question for many people. From struggling households to steel works and factories, energy prices remain a hot topic. Ed Miliband’s assurance that bills would fall by £300 per year looks wildly optimistic. The cost of energy bills became a major political issue when a combination of a post-pandemic resurgence of the world economy and war in Ukraine sent the price of energy in general, and natural gas in particular, shooting up. Prices have come down a lot since then, but remain higher than before. The Ofge