EU governments push up energy prices dramatically!

“The European Commission has nearly finalised its policy paper on energy prices and costs, plus an analysis of their drivers and implications. Below, Energy Post gives a “top 10” selection of insights from the analysis, based on the latest draft”.

 

“Energy costs for households and industry have increased even as consumption has decreased:

Energy efficiency improvements have been insufficient to keep up with rising prices. Households’ share of budget for energy grew by 15% from 2008-12 although electricity consumption dropped by 1% and gas consumption by 15% from 2008-11. Industry consumed 4% less electricity but paid 4% more in for it in total”.

 

“The energy price gap between the EU and other major partners is growing:

EU industry gas prices are 3-4 times more than in the US, India and Russia, and 12% more than in China. EU industrial electricity prices are more than double those in the US and Russia, and 20% more than in China (although 20% less than in Japan). The Commission posits that European electricity supply is more reliable than elsewhere”.