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

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

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

Study: Battery EVs the 'most reliable' climate mitigation option for passenger cars

Content Rising: We don't need another 'hero's journey' and other lessons in climate storytelling

More on Energy

Global Briefing: Norway launches 'world's largest' industrial carbon capture project
Energy

Global Briefing: Norway launches 'world's largest' industrial carbon capture project

Plus China seeks to almost double its nuclear capacity and Octopus Energy Generation unveils $250m Africa energy fund, in our round up of all the top green business news from around the world this week

BusinessGreen staff
BusinessGreen staff
clock 20 June 2025 • 7 min read
IEA: Oil markets face 'fundamental transformation' with demand set to peak in 2029
Energy

IEA: Oil markets face 'fundamental transformation' with demand set to peak in 2029

Growth in global oil supply expected to far outpace demand in coming years as EV sales rapidly eat into market, according to International Energy Agency

Michael Holder
Michael Holder
clock 18 June 2025 • 5 min read
'Solar PV was not the cause of the blackout': Report on Spain's power outage reveals failure of thermal plants a key factor
Energy

'Solar PV was not the cause of the blackout': Report on Spain's power outage reveals failure of thermal plants a key factor

Renewable energy advocates accuse commentators who blamed renewables for black out of 'jumping the gun and oversimplifying the cause'

James Murray
James Murray
clock 18 June 2025 • 4 min read