EU Politicians $$ hurt all of their countries with the decision to go to war with Russia.
Russia provided all of the EU with $$ CHEAP energy.
The German/Russia Nordstream Pipeline was bombed but Germany turned off the other pipeline themselves.All of this is a major $$… pic.twitter.com/HR1TCaqr9V
— floridanow1 (@floridanow1) November 7, 2024
Electricity costs are surging across Europe, but the UK faces some of the highest rates, now over 52 pence per kilowatt-hour (kWh). Italy trails closely at 46 pence, while Germany, Spain, and Portugal range from 30-35 pence. France, benefiting from its nuclear power capacity, is at a more moderate 23 pence, and Norway, relying heavily on hydroelectric power, enjoys the lowest rates at just 12.83 pence per kWh.
This price spike reflects a range of factors, with increased demand and limited wind power generation being major contributors. A heavy reliance on natural gas as a backup power source has exacerbated costs, as global gas prices remain elevated.
The UK’s dependence on gas and other fossil fuels makes it especially vulnerable to price fluctuations. For millions of households, these rising costs are creating serious economic pressure, sparking debates about the need for more resilient, cost-effective, and sustainable energy policies.
Sources:
- The Straits Times – Real-Time Electricity Tracker – IEA
- Energy Prices.eu – Electricity spot prices in Europe today
- iNews – What are the energy prices in Europe? How the UK compares to other countries
- Eurelectric – Electricity Price
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