Energy Affordability: Heading Back to the 1980s?

(By Dr David Deller) Over the past few months there has been intense discussion of a coming ‘cost of living crisis’. A key element is the expected sharp rise in energy bills in April, when Ofgem must revise the energy price cap to reflect a sharply higher gas price in wholesale markets. This blog provides a historical perspective to address the question: how serious will the expected squeeze on energy affordability be?