PowerCast: Energy Costs, Competitiveness and the UK Market

Energy prices have dominated headlines since the 2022 energy crisis. But while wholesale prices have eased at times, many businesses are still facing high and rising costs. In this episode of PowerCast, we explore what is really driving energy bills today. From rising network and policy costs to the impact of long-term infrastructure investment, the conversation goes beyond wholesale markets to unpack the structural changes shaping the UK energy system. Joined by EDF’s Director of Strategy and Policy, Josh Buckland, we discuss: Why non-energy costs are becoming a bigger part of the bill How falling demand and rising fixed costs are pushing prices higher The UK’s competitiveness challenge compared to other countries The impact of recent global events on price volatility Crucially, we also explore what this means for businesses and what action can be taken now. From managing risk through contract choices and forecasting, to engaging in policy discussions and considering longer-term shifts such as electrification and flexibility, businesses have more options than they might think. As the UK continues its transition to a low-carbon energy system, the balance between affordability, investment and competitiveness is becoming more complex. Understanding these changes is key to making informed commercial decisions. This episode provides a clear, expert-led view of what is happening now, what’s driving costs, and how businesses can respond.