The Telegraph: Europe will suffer if we hinder the flow of energy price information

Energy security is once again high on the political agenda. The recent events in Iraq and Eastern Europe force us to think about how we obtain the commodities that light our homes, keep us warm and fuel our transport.

European energy policy is struggling to reconcile conflicting objectives — cheaper energy, more infrastructure investment, lower carbon emissions. Into that tangle, we can add the prediction of the International Energy Agency that the European Union’s dependency on energy imports will increase from 60pc to 80pc by 2035.

In response to the political crisis in Ukraine, the European Commission said it would like to reduce the EU’s dependency on Russian natural gas imports, which now account for about 30pc of the gas consumed. Energy supply and security will be key topics in the commission’s debate over energy and climate strategy for the next decade.
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