The price of wholesale gas in Britain has risen by over 500 per cent in less than a year, doubling even since early November, and rising to unprecedented levels over the past three weeks. Average energy bills could skyrocket by more than 50% to £2,000 a year in 2022, warn UK energy providers, as they demand the government intervenes to alleviate a “national crisis.”
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Europe’s gas crisis hots up
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The price of wholesale gas in Britain has risen by over 500 per cent in less than a year, doubling even since early November, and rising to unprecedented levels over the past three weeks. Average energy bills could skyrocket by more than 50% to £2,000 a year in 2022, warn UK energy providers, as they demand the government intervenes to alleviate a “national crisis.”