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Ofgem insists that there has been a distinct lack of preparation for the closure of coal and nuclear power stations across the country, with many due to fall dormant within the next 5 to 10 years. And the regulator claims that almost £200 billion is needed to build new "clean" coalfired plants, nuclear stations and green projects. But Britain cannot, it says, rely on the private sector to complete all of these projects - and that means relying on pricey imports from Russia and the Middle East.
So what is to be done?
Ofgem has drawn up a plan called Project Discovery, which suggests two options: the introduction of a nationalised energy-buying body that would commission power companies to build the necessary plants, guaranteeing a high price and thereby a profit; or the Government to nationalise the green energy sector and the consumer to pay the price of its expensive power.
Either way, it seems the consumer will be facing higher prices in the very near future.
But would you prefer to pay the price for a nationalised green energy source, or continue to fill the coffers of the energy suppliers?