Octopus Energy CEO warns UK households remain vulnerable to global gas volatility despite recent government relief measures.
Octopus Energy CEO Greg Jackson has called for urgent reforms to reduce the UK’s reliance on global gas prices, citing ongoing volatility from geopolitical conflicts. Government measures, including VAT cuts and levy removals, have eased winter bill pressures but failed to address structural exposure.
Britain’s energy market remains tied to international gas prices, which surged following Russia’s invasion of Ukraine and tensions in the Middle East. Jackson’s comments highlight persistent risks for households despite temporary relief.
No immediate market reaction was reported, though the warning underscores long-term energy security concerns for policymakers.