So now we know. All Rishi Sunak’s talk about working hard to get our energy bills down has been silly nonsense.
The UK has the highest electricity bills, not just in Europe or the West, but in the World.
Worse still, the UK had the third-sharpest increase in electricity prices worldwide, over the last five years.
The 35 per cent increase suggests that prices were already high before pressure from events like the Russia-Ukraine war pushed them up further.
And that suggests government mismanagement. It should be a national government’s duty to make sure its citizens get the best value for money when they pay utility bills.
Wasn’t that what privatisation was about – at least in part (the other part being investment in improving the infrastructure)?
New research reveals that the UK has the highest electricity bills. Brits pay more for their power than anywhere else on the planet.
There’s only one logical conclusion: global issues didn’t make the real difference – Tory government decisions have forced up the cost of living in the UK to breaking point.Revealed: Brits are paying the highest electricity bills in the entire world
New research reveals that the UK has the highest electricity bills. Brits pay more for their power than anywhere else on the planet.
A new study looked at Government data on electricity and gas prices from the past five years to analyse the impact of the worsening cost of living crisis and discover which countries have had the biggest year-on-year increase in energy prices. The data, compiled by BOXT, was shared with City A.M. today
The UK’s energy price cap was raised in 2022 from 28p to 34p per kWh.
Much like the rest of the world, prices have increased due to reduced supply from Russia due to the Ukraine conflict, as well as the after-effects of the coronavirus pandemic.
Ireland
The UK’s neighbours in the Republic of Ireland have the second highest electricity cost, paying 18.99p per kWh. That’s 53 per cent more expensive than the average of these 24 countries.
However, prices are slightly more affordable when it comes to gas in Ireland, which stands at 5.21p per kWh.
The countries with the highest electricity prices
Residents of Spain are paying an average of 18.51p per kWh. Electricity prices in Spain recently hit a historical high and were recently capped at €130 (£112) per megawatt hour, down from €210 (£181).
Norway is the country with by far the biggest increase in electricity prices worldwide – 91 per cent increase in electricity cost in pence/kWh since 2016.
Top 10 countries with the biggest electricity bill price increase:
The second highest electricity rises are in Finland – Since 2016, Finnish residents have seen their electricity bills increase by almost two-fifths (37%) on average.
Tied in third place are the Czech Republic, Denmark, and the United Kingdom, with a 35% increase in electricity prices.
Source: https://www.cityam.com/revealed-brits-are-paying-the-highest-electricity-bills-in-the-entire-world/
Source: https://voxpoliticalonline.com/2023/05/13/the-uk-electricity-bill-is-the-highest-in-the-entire-world/
I fear things are going to get a whole lot worse as the idiocy of zero emissions and 'clean' energy start to bite!
