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

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

'Unanimous approval': Green light given to 30MW East Ayrshire battery storage project

'Unanimous approval': Green light given to 30MW East Ayrshire battery storage project

Battery storage project capable of powering around 16,200 homes in west of Scotland granted planning approval

Stuart Stone
clock 19 May 2025 • 2 min read
'A step in the right direction': Energy price cap tipped to fall seven per cent

'A step in the right direction': Energy price cap tipped to fall seven per cent

Update from Cornwall Insight promises some welcome relief for households, but businesses warn promised funding to improve domestic energy efficiency is still needed

James Murray
clock 19 May 2025 • 4 min read
ENGIE and CDPQ to pump up to £1bn into Dinorwig and Ffestiniog hydro storage refurb

ENGIE and CDPQ to pump up to £1bn into Dinorwig and Ffestiniog hydro storage refurb

Refurbishment programme aims to extend life of Dinorwig and Ffestiniog plants that provide around three quarters of the UK pumped hydro storage capacity

Stuart Stone
clock 16 May 2025 • 4 min read