We’re not reliant on Russian gas. We’re reliant on gas from anywhere that is being traded at an inflated wholesale price because of Russia. With our North Sea reserves it is within the power of our government to secure that gas at much cheaper rates as technically it owns it and companies pay licence fees to extract it. That would significantly reduce the gas that the retailers need to buy from elsewhere, and with an adjustment to the pricing mechanism it could be made cheaper for consumers.
The government won’t do it because it will reduce the profits of Shell, BP, Centrica and the other companies that extract gas in the North Sea. We are being taken for mugs - it’s a huge money grab from the population. Every penny we pay ends up somewhere and the excessive amounts end up with the big companies, and the government are letting it happen because they refuse to go act against the free market in any significant way.
The threat of nationalisation would probably be enough to get significant discounts to the wholesale price. Other European countries don’t have the luxury of a domestic gas source and are forced to pay the market rate. We shouldn’t be in that position.