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

Poll: Majority of UK public believes excessive oil and gas profits are 'morally wrong'

Poll: Majority of UK public believes excessive oil and gas profits are 'morally wrong'

Survey of over 2,000 UK adults finds strong support for expanding homegrown clean energy to boost Britain’s energy security

Michael Holder
clock 06 May 2026 • 5 min read
UK-US consortium targets first nuclear fusion power plant by mid-2030s

UK-US consortium targets first nuclear fusion power plant by mid-2030s

Bill Gates-backed Type One Energy, UK-based Tokamak Energy, and infrastructure services giant AECOM reveal plans to deliver UK's first commercial fusion facility within a decade

Michael Holder
clock 06 May 2026 • 3 min read
Bentley Motors inks solar PPA to power UK headquarters

Bentley Motors inks solar PPA to power UK headquarters

Agreement will see Sonaura develop and operate a 7MW solar project to supply Bentley Motors' UK headquarters via private wire

clock 06 May 2026 • 1 min read