How Europe's reliance on gas could increase electricity bills by up to €120 a year

Stuart Stone
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Italy, Ireland, and the UK most exposed to energy bill increases given gas continues to dominate their wholesale power markets, IEEFA claims

Europe's continued reliance on gas power could increase electricity bills by as much as €120 a year as a direct result of the supply shocks triggered by the ongoing Iran war and blockade of the Strait...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

British renewables set new quarterly generation record

British renewables set new quarterly generation record

Government confirms renewables generation for the first quarter rose 18 per cent year-on-year to account for over 53 per cent of the electricity mix

James Murray
clock 30 June 2026 • 4 min read
NESO: Cost of rewiring Britain's electricity network to reach around £89bn

NESO: Cost of rewiring Britain's electricity network to reach around £89bn

Updated recommendations on how to upgrade Britain's electricity network to meet future demand sets out plans for 43 onshore and offshore projects for delivery in the 2030s

Stuart Stone
clock 30 June 2026 • 5 min read
Global energy system reaches renewables 'tipping point', study claims

Global energy system reaches renewables 'tipping point', study claims

Review of World Energy reveals 'encouraging substitution' of fossil fuels, as global clean energy boom continues to accelerate in response to security concerns

Stuart Stone
clock 30 June 2026 • 5 min read