Energy crisis: UK has spent £140bn on fossil gas since 2021

Michael Holder
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Analysis shows UK has spent over £90bn more on wholesale gas over the past four years than it would have prior to the crisis, underscoring the huge on-going costs associated with fossil fuel reliance

The UK has spent £140bn on wholesale gas over the four years since the start of the global energy crisis, underscoring the huge cost that the nation's reliance on volatile fossil fuel markets is continuing...

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

'Massive increase': World adds record levels of new renewables capacity in 2024

'Massive increase': World adds record levels of new renewables capacity in 2024

IRENA data shows global economy added a record-shattering 585GW of new clean power capacity last year alone, thanks in large part to China's renewables boom

Michael Holder
clock 26 March 2025 • 4 min read
IEA: Global energy demand growth accelerates - but increase largely covered by new renewables

IEA: Global energy demand growth accelerates - but increase largely covered by new renewables

Demand for all major fuels and energy technologies increased in 2024, with renewables covering the largest share of growth, major IEA report

Stuart Stone
clock 24 March 2025 • 5 min read
'Huge potential': Report makes case for reviving plans for Severn tidal energy project

'Huge potential': Report makes case for reviving plans for Severn tidal energy project

Independent commission finds power from the UK’s largest tidal range could deliver predictable and clean energy as major power source

clock 20 March 2025 • 5 min read