How do household energy bills compare across Europe?

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The typical UK family electrical energy worth is no less than 30 per cent larger than in lots of its European neighbours, with the nation’s higher reliance on pure fuel for energy technology hitting customers arduous.

Europe is experiencing a continent-wide energy crisis attributable to diminished oil and fuel flows from Russia, however the direct impression on households varies extensively relying on the vitality mixture of the nation, based on electrical energy and fuel pricing from Vitality Costs, a Dutch consultancy.

Ranges of presidency assist, pricing mechanisms and taxation are additionally necessary components, with nations reminiscent of France capping the quantity electrical energy costs are allowed to rise. The EU has proposed a cap on Russian fuel costs and a levy on energy companies to guard households and companies, and lots of European nations have introduced particular person measures reminiscent of tax cuts.

“Russia’s invasion of Ukraine has shifted the vitality axis. There will be no different means out of this, apart from authorities intervention,” stated Sumit Bose, founding father of low-carbon advocacy group Future Internet Zero.

However the cost of electricity remains to be anticipated to rise throughout Europe this winter as excessive fuel costs proceed to feed by way of to the facility market, whereas provides from different sources are down as a consequence of points reminiscent of widespread upkeep issues at France’s nuclear energy crops and dry climate situations affecting hydropower.

The UK generates about 40 per cent of its electrical energy from burning natural gas after transferring sooner than many friends to cut back its reliance on coal.

Whereas that helped reduce the nation’s emissions — coal generates about twice as a lot CO₂ as fuel when burnt — it has left the UK extra uncovered to surging fuel costs after Russia reduce provides in retaliation for western sanctions imposed after its full-scale invasion of Ukraine.

The UK’s family electrical energy worth is about 30 per cent larger than the subsequent most costly nation, Italy. That’s partly down to numerous levies the UK authorities provides to payments to assist renewable energy and poorer households. The UK has stated it’s much less uncovered to Russian fuel cuts as a result of it has no direct pipeline connections to the nation, however can’t fully escape will increase in wholesale costs.

The information proven for every nation are a weighted common that displays home vitality provide. Some households within the UK and Europe have just lately signed new vitality contracts, whereas others proceed to pay costs based on earlier provider agreements. Because of this, new contracts are prone to be dearer than the typical costs proven right here.

Within the UK, the so-called worth cap that governs the overwhelming majority of family vitality payments was set to rise about 80 per cent in October, however the brand new prime minister, Liz Truss, is ready to introduce a price freeze that may cap the everyday family invoice at about £2,500 a yr.

Increased wholesale costs are anticipated to feed by way of to larger family payments in some European nations this winter.

In fuel, households within the Netherlands pay the best prices adopted by Germany. Each nations had been closely reliant on Russian provides. The Netherlands has additionally largely shut down the Groningen gasfield, which was as soon as Europe’s largest, as a result of its depletion was inflicting earthquakes within the city.

Allocated funding by European governments to shield households and businesses from rising prices

The UK has the third most costly family fuel costs, regardless of the wholesale worth buying and selling at a decrease stage than the European benchmark for many of this summer time, primarily on account of the UK’s larger stage of liquefied pure fuel import capability and home manufacturing from the North Sea.

UK corporations have been sending imported LNG to mainland Europe by way of pipeline to assist nations fill their storage services.

Hungary has the bottom family fuel prices by a big margin. Regardless of criticism from different EU members of its relationship with Moscow, Prime Minister Viktor Orbán has agreed numerous offers with Russia to make sure lower-priced fuel deliveries.



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