A new commission of energy experts and industry leaders has been formed to examine the impact of the recent gas crisis on households and businesses.
The commission’s goal is to develop recommendations that will help the UK better prepare for potential future energy crises.
The findings will be published in the autumn after evidence is gathered over the summer.
The commission, chaired by former MP David Laws, includes representatives from Energy UK, Citizens Advice and the Confederation of British Industry.
Their focus will be on enhancing the UK’s energy resilience, addressing issues like energy price volatility and managing the long term shift away from fossil fuels.
The commission will begin by collecting evidence on the effects of the crisis, which will guide their recommendations on how to safeguard both households and businesses against future energy disruptions.
David Laws said: “It’s important that we reflect on what has happened and steps that the country could take to mitigate the impacts of any future crises to ensure we are more resilient.”
Louise Hellem, Commissioner and Chief Economist at the CBI, said: “Energy price volatility over recent years has brought impossible choices for many families and significant cost pressures for businesses in multiple sectors, limiting their ability to invest.
“Assessing how policies can better protect households and businesses alike is important to bolster future energy resilience – an objective that business and government must work together to achieve.
“This should include prioritising catalytic green investment to build long term energy security, improve home energy efficiency and accelerate the UK’s pathway to net zero.”
Dhara Vyas, Commissioner and Deputy Chief Executive of Energy UK said: “Despite a recent fall in energy prices, bills remain 15% higher than they were before the crisis.
“This coupled with other cost of living increases means that households, businesses and the wider economy are still grappling with the effects of the crisis.”
