New Times,
New Thinking.

  1. Business
3 September 2022

Why are energy bills rising faster in the UK compared to Europe?

The energy price crisis is unfolding across Europe – but UK consumers will feel more pain than European ones.

By Nick Ferris

The energy price crisis is expected to push millions of UK households into fuel poverty this winter – though it has been pointed out that prices are rising sharply across Europe too.

But while it’s true that the root causes of the crisis – high oil and gas prices following Russia’s invasion of Ukraine, as well as high inflation – are also causing problems in other countries, data shows that the pinch really is being felt more sharply in the UK than elsewhere.  

Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
More than a landlord: A future of opportunity
Towards an NHS fit for the future
How drones can revolutionise UK public services