Study: Gas price crisis has cost UK £60bn since Russian invasion

Stuart Stone
clock • 4 min read
Credit: Max Kukurudziak
Image:

Credit: Max Kukurudziak

New analysis from ECIU argues Britain's gas reliance means soaring wholesale gas prices have cost around £1,000 for every adult in the UK

Astronomical wholesale gas prices in the year following Russia's invasion of Ukraine have cost the UK an additional £50bn to £60bn - or approximately £1,000 per adult - according to new estimates from...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

An old technology with a new twist: Inside one company's quest to build 'high density' pumped hydro

An old technology with a new twist: Inside one company's quest to build 'high density' pumped hydro

BusinessGreen looks at how a Plymouth mine site could become ground zero for an innovative form of hydro energy storage

Cecilia Keating
clock 14 November 2024 • 8 min read
Trump's win, Hackney wind turbines and a £1bn London heating scheme: BusinessGreen's most read stories of the week

Trump's win, Hackney wind turbines and a £1bn London heating scheme: BusinessGreen's most read stories of the week

BusinessGreen rounds up the most widely read stories on the site this week

BusinessGreen staff
clock 08 November 2024 • 1 min read
Ecotricity and BAFTA albert partner to deliver green energy to UK creative industries

Ecotricity and BAFTA albert partner to deliver green energy to UK creative industries

Ecotricity and BAFTA albert team up to offer affordable, sustainable power to businesses working in the creative industries

Stuart Stone
clock 08 November 2024 • 2 min read