Someone once commented that if Iceland could export it's steam, it would be the richest nation in Europe. Volcanic activity is the driving force behind power generation on the island, also assisting with heating water supplies too. Everyone's a winner, in Iceland at least.
Here in the UK, we are facing high oil/gas prices and stringent Carbon emission targets, which effectively make coal fired power stations a no no.
We have two choices:
1) Push for more energy efficient appliances and home heating, passing the costs on to the consumer with the possibility of government grants.
2) Find alternative means of power generation, with the inevitable public inquiries, planning inquiries and lobbying of residents. After all, would you want a nuclear station overlooking your back yard?
The latter method is going to be largely funded by corporations and government, however the costs of energy production will rise in the short to medium term to pay for it all. The former method has no guarantees of success, plus forecasts show the costs of fossil fuels will rise also.
Either way, the days of cheap energy are numbered.