The geopolitical consequences Britain cannot afford to ignore – a strategy to reduce energy bills by Matt Parry 

A surge in global gas prices could push UK electricity bills sharply higher from July. But a targeted fiscal adjustment – removing VAT and levies from electricity could shield households, reduce inflation, and even generate enough economic activity to offset its own cost. With structural reforms also within reach, the UK has a narrow window to act before another energy shock hits.

See the full thought piece here: REA – Strategy to Reduce Electricity Bills 3Q26

About the author, Matt Parry

Matt Parry is Head of Energy Demand and Power at the Renewable Energy Association (REA), where he leads strategic analysis across power markets and the energy transition. He also serves as Secretariat to four of the REA’s flagship member forums: Solar & Storage, Decentralised Energy, Data Centre, and Finance & Insurance. With more than 25 years’ experience across global energy markets, Matt has held senior leadership and advisory roles at the International Energy Agency, The Economist (as Chief Energy Economist), Energy Aspects (VP, Head of Long-term), Moody’s, KBC Group, Department for Energy Security and Net Zero, STX Group, and CRU Group. Notably, he built Energy Aspects’ long-term and energy transition service from inception into a market-leading analytical offering. Matt has established and led high-performing analytical teams translating complex dynamics across renewables, power, hydrogen, gas, oil, and carbon markets into actionable intelligence for investors, policymakers, and corporates. His expertise spans quantitative modelling, policy analysis, scenario development, and strategic forecasting, including detailed energy demand outlooks to 2050 across more than 80 countries.