Europeans’ electricity bills have reached record levels, despite support from the authorities, Bloomberg reports.
According to the energy consulting company VaasaETT Ltd, the average retail price of gas in the EU and the UK in October was twice as much as in the same month in 2021, and amounted to 18 euro cents per kilowatt hour. The cost of electricity for households increased by 67% to 36 euro cents per kilowatt-hour.
The highest increase in electricity prices in October was observed in Dublin and amounted to 44%, and the average gas price in Rome increased by 97%.
The agency recalls that EU governments have promised to spend more than 550 billion euros to protect citizens and businesses from a sharp rise in energy prices.
After the start of the Russian special operation in Ukraine, Western countries began to impose sanctions against the Russian Federation, in particular, on Russian energy carriers. Russian President Vladimir Putin has stated that the policy of containing and weakening Russia is a long-term strategy of the West, and sanctions have dealt a serious blow to the entire global economy.