Energy Policy – Why are UK electricity prices so high and what should be done about it?

Young Professionals Network event

22nd October 2025

18:30 - 21:00 UK Time

Boston Consulting Group office – Level 5, 80 Charlotte St, London, W1T 4QS

Non-Member: £8.00 (excluding VAT)
Member: £6.00 (excluding VAT)

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Join us for a debate about UK energy policy


Event Details

When Ed Miliband became the UK Secretary of State for Energy last year, he pledged to cut typical household energy bills by £300 annually. However, electricity bills are set to rise again in 2025, with the average household now facing annual costs of around £1,849 per year—a 6.4% increase from earlier in the year.

Despite temporary reliefs, UK electricity prices remain among the highest globally, particularly for industrial users. According to the International Energy Agency, UK industrial electricity costs are the highest among 28 major economies and four times higher than in the US.

This undermines the global competitiveness of UK businesses and pushes an increasing number of households into fuel poverty. Research from the Resolution Foundation reveals that household energy debt has tripled over the past decade.

While Labour attributes the crisis to the UK's “dependence on volatile fossil fuel markets”, the Conservative and Reform parties blame “net-zero madness” and pledge to drop all UK net-zero commitments.

The Energy Institute’s 2025 Statistical Review of World Energy highlights a 2% annual rise in total energy demand, reaching a new high of 592 EJ. With record global emissions, how can the UK meet it’s legally binding climate commitments?

What’s really behind the surge in UK electricity prices? And more importantly, what can be done about it?

Reserve your complimentary seat for the first EI YPN event of the calendar year to hear from a panel of industry experts offering a broad range of perspectives.

Tickets include access to the discussion, welcome reception, and networking drinks.

Speakers

Contact details

Milo Boirot: [email protected]

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