UK household energy bills 🏡 are set to reach historically unprecedented levels 📈 in 2023.
A global energy crisis has been building for nearly a year - after the post-Covid rebound crashed headlong into Russia’s invasion of Ukraine, sending already-rising gas prices stratospheric 🚀.
In this article, Carbon Brief sets out HOW and WHY the UK’s household energy bills are rising so rapidly, and looks at possible options to manage this crisis.
Read the full analysis ➡️ Link in bio.
Fast facts
⚡️ Households will face energy costs greater than UK government education spending (£100bn) and the defence budget (£49bn) combined.
⚡️ Rising bills will push two-thirds of UK households into fuel poverty by January 2023.
⚡️ Bills would be £220 lower per household if governments had not “cut the green crap” by rolling back climate policies.
⚡️ Households could cut their bills by more than £300 by making simple changes to their boiler settings, with larger savings available from insulation, solar panels or electric vehicles.
#EnergyCrisis#EnergyBills#FuelCrisis#FuelPoverty