Image: Shutterstock/Sergey Neanderthalec Image: Shutterstock/Sergey Neanderthalec THE ONLY CERTAINTY around the current energy price crisis is that it’s likely to get worse in the coming months and year ahead, experts agree.
The outlook for the coming months was brought into sharper focus by regulators in the UK last week, when it was confirmed that the energy price cap was to almost double from £1,971 to £3,549 . At the moment the average gas and electricity bill is about €4,000. In the UK, they have the energy price cap, so their market is a little bit different, but it’s not far off. In the UK the price cap is just over £3,500, so about €4,200, but they’re expecting the price cap to go to the equivalent of over €6,000 in January, and to be honest, I wouldn’t be surprised if we’d be that far off it.
Dr Paul Deane, research fellow at UCC’S MaREI institute, explains that extractors are getting massive prices for their fossil fuels with the cost of electricity generation skyrocketing as a result. Deane argues that while some companies may be making revenues from the supply of side of the businesses, they may be using that to insulate them from losses being made elsewhere
Von der Leyen said the current crisis was “exposing the limitations” of the current structure, with EU energy ministers set to hold urgent talks in Brussels on 9 September.
Bollox, pure propaganda. We have seen renewables in action. They are shit.
'Experts agree' lie. False 'consensus'.
What do you call it when sanctions back fire, That's right a RESSISION.
Experts say many things across the world, reality is right now it’s markets driving the energy costs with forecasts of fears etc. fact the global climate change is driven by growing consumerism of a continued population growth.
don't need an expert to tell you that. all you need, is to observe the government, as long as they don't take any action, energy companies will keep raising prices. it simply will not stop as long as theyre allowed to do as they please.
What do you expect when the people who caused the inflation, fffgg. FFFGG are going to drive people into a recession and drive bord gais profits from 74 pc to 100pc.
As high as it takes to put the lights out.
Don't forget a Free world is what Ukraine is fighting for..freedom is never free..
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