Energy crisis horror as slashing bills could take years, warns industry boss

The EU’s REPowerEU, the bloc’s blueprint for scuppering its remaining energy links with Moscow, included a huge clean energy boost as well as a plan to source gas from alternative suppliers such as Middle Eastern producers. 

But Megan Richards, a former director of energy policy at the European Commission, has warned that “Europe will not be completely domestically independent for a very, very long time, if ever”, despite the fact that “renewables will increase dramatically”.

Luckily for the UK, it relies far less on Russian gas to power its economy and homes, getting the large bulk of its gas instead from Norway. But the integrated nature of the gas market meant that Putin’s gas cuts still impacted wholesale prices in Britain, and in turn sent bills soaring.

But the UK’s energy strategy unveiled in April also included a huge drive to expand its clean, homegrown power sources to cut the remaining reliance on Russia and volatile international markets.

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Article source: https://www.express.co.uk/news/science/1705049/energy-crisis-bills-gas-renewables-putin-prices