Can a 2% rise really be described as prices “soaring”?
> UK gas prices rose 7% on Wednesday so the price is now more than six times higher than a year ago. However, it is still well below the peak seen in the aftermath of Russia’s invasion of Ukraine. UK energy bills increased by an unprecedented £700 in April, and are expected to rise again with one management consultancy warning a typical energy bill could hit £3,850 a year by January, much higher than forecasts earlier this month.
This is fucked
Someone will correct me if I’m wrong here, but as I understand it, Norway is obligated to prioritise supply to the EU if asked.
Seems like this kind of situation may trigger that request, which can’t be good for any countries outside of the EU, reliant on supply from Norway.
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Can a 2% rise really be described as prices “soaring”?
> UK gas prices rose 7% on Wednesday so the price is now more than six times higher than a year ago. However, it is still well below the peak seen in the aftermath of Russia’s invasion of Ukraine. UK energy bills increased by an unprecedented £700 in April, and are expected to rise again with one management consultancy warning a typical energy bill could hit £3,850 a year by January, much higher than forecasts earlier this month.
This is fucked
Someone will correct me if I’m wrong here, but as I understand it, Norway is obligated to prioritise supply to the EU if asked.
Seems like this kind of situation may trigger that request, which can’t be good for any countries outside of the EU, reliant on supply from Norway.