Policy Matters EP2: A very English energy crisis – Keep calm and transition faster

Wider forces have wreaked havoc in global energy markets in 2021, but UK policy has caused additional complications in the UK. In this podcast Paul Butcher, Director of Public Policy looks at:some of the UK specific factors that have exacerbated the crisis, including:greater reliance on windand the role Brexit has playedthe implications of the UK's unusually competitive energy supply market in the context of:the 22 energy suppliers that have gone bankrupt so far this year;the Default Tariff Cap for consumers; and thesupplier of last resort regime.Paul also discusses the first big matter he worked on as a trainee in our energy group back in 2002 – the administration of a very large UK based energy company - and some of the lessons that that has for today's crisis.Speakers: Paul Butcher, Director of Public Policy, Herbert Smith Freehills and Mike Petrook, Herbert Smith Freehills