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

IEA signals clean tech market could more than double to $3tr by 2035

IEA signals clean tech market could more than double to $3tr by 2035

New report on clean technology manufacturing predicts continued rapid growth, as OECD highlights how 'renewable energy generation and energy efficiency can enhance economic security'

James Murray
clock 26 March 2026 • 5 min read
'Installation boom': Solar and heat pump sales surge as Middle East conflict escalates

'Installation boom': Solar and heat pump sales surge as Middle East conflict escalates

New figures reveal demand for domestic clean technologies has increased sharply, as households look to better insulate themselves against rising oil and gas prices

clock 26 March 2026 • 4 min read
Iran War: Businesses facing gas bill hikes of up to 80 per cent

Iran War: Businesses facing gas bill hikes of up to 80 per cent

Latest analysis from Cornwall Insight warns businesses have already seen gas costs rise by nearly 60 per cent, further strengthening the business case for renewables

James Murray
clock 25 March 2026 • 7 min read