UK energy bills highest in Europe and public patience is wearing thin

UK energy bills highest in Europe and public patience is wearing thin
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UK energy bills highest in Europe and public patience is wearing thin
Published: Feb, 25 2025 08:31

Summary at a Glance

Ed Miliband, the energy secretary, said today: "The way to deliver energy security and bring down bills for good is to deliver our mission to make Britain a clean energy superpower - with homegrown clean power that we in Britain control.".

The possibility of a peace deal between Russia and Ukraine has caused wholesale energy bills to fall in recent weeks but household bills will still be going up from April.

Europe endured a cold and still winter, meaning demand for energy increased while countries were less able to rely on wind power, so they had to draw down more heavily on their gas reserves.

However, the latest increase - the third in a row - underscores just how vulnerable Britain is to volatility in the global energy markets and, in turn, how the government's political ambitions are being held hostage by factors outside of its control.

Yet, bills are still higher than they were before the war in Ukraine began in 2022 - when bills averaged £1,100 a year - and the consequences of this are rippling through the economy.

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