Gas crisis sparked by Putin’s war has ‘cost every UK household £1,000’

But household energy costs are far higher than the £1,000 pinpointed by the ECIU– which does not account for standard wholesale costs, suppliers’ margins and other charges taken into account for energy bills.

The International Monetary Fund even said last year that British households are the worst affected western European nation because of the country’s staggering dependence on gas.

In Britain, gas generates around 40 percent of the country’s electricity and heats 85 percent of its homes, which also have some of the lower levels of energy efficiency on the continent.

Dr Simon Cran-McGreehin, head of analysis at ECIU, said: “As the IMF has pointed out, the energy crisis hit UK households harder than those in other western European countries because, as a nation, we’re incredibly dependent on gas. The price of gas is largely set by international markets, so the only way to protect yourself is to use less.

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Article source: https://www.express.co.uk/news/science/1738213/Gas-crisis-Putin-bills-energy-and-climate-intelligence-unit-Ukraine