As geopolitical tensions continue to disrupt global energymarkets, UK businesses are facing persistently high energy costs and renewed uncertainty over supply. Against this backdrop, questions are growing about whether the UK’s energy system is fit for purpose - and why our industrial electricity prices remain among the highest in the G7.

In this episode, Alex Hall‑Chen (IoD Principal Policy Advisor for Energy and Sustainability) joins host Ben Walker to examine what the current energy crisis means for UK business.

Together, they explore why UK energy prices are so high, how exposed businesses are to future shocks, and why short‑term support measures like the British Industry Competitiveness Scheme fail to address the underlying problems in the energy market. They also discuss the case for structural reform - including decoupling electricity prices from gas - and what government must do to deliver a more affordable, secure and competitive energy system.