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

Global Briefing: Canada touts 'largest clean energy investment in North American history'

Global Briefing: Canada touts 'largest clean energy investment in North American history'

Canada hails deal to channel $70bn into renewables projects, China's new Ecological and Environment Code, and Kenya's clean power drive all feature in our weekly round-up of the top green business news from around the world

Michael Holder
clock 21 August 2026 • 7 min read
Business energy costs up 25 per cent since February

Business energy costs up 25 per cent since February

Analysts warn high energy prices driven by the volatile gas market will 'continue to weigh on investment decisions'

James Murray
clock 21 August 2026 • 3 min read
UK home solar and battery installations smash records in first half of 2026

UK home solar and battery installations smash records in first half of 2026

Latest data shows installation of certified small-scale clean energy technologies was up 17 per cent year-on-year during first half of 2026, but heat pump market faces worrying slowdown

Michael Holder
clock 20 August 2026 • 5 min read