Some of Europe’s highest energy costs expected in Britain this winter
Great Britain faces some of Europe's highest energy costs this winter due to a reliance on imported gas and limited domestic storage. To ensure supply, the country is paying premium market prices and has secured a critical pipeline deal with Belgium.
Why it matters
High energy costs impact inflation and household budgets, highlighting the vulnerability of national energy security in a post-North Sea production era.
A snowy London street. Great Britain has some of the smallest gas stores in Europe after decades of relying on production from the North Sea. A snowy London street. Great Britain has some of the smallest gas stores in Europe after decades of relying on production from the North Sea. Energy industry Some of Europe’s highest energy costs expected in Britain this winter Official forecasts show country will meet energy demand by paying high prices to secure imports
Prefer the Guardian on Google Great Britain is expected to pay some of the highest energy costs in Europe this winter as its reliance on imports to ensure a steady supply is forecast to deepen.
Energy system operators have said the country will have enough gas and electricity to meet demand over the coldest months – in part because of paying higher market prices than neighbouring markets to secure imports.
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