Posted on 11/10/2022 4:40:26 AM PST by george76
Electricity and gas prices are soaring across Europe, with bills close to double from last year in most European capitals, according to new data from the Household Energy Price Index—a monthly tracker of energy prices for households across 33 European capitals, including the 27 EU member states and several non-members.
According to the data collected for the HEPI, natural gas bills in Europe have gone up by as much as 111 percent over the past year, with electricity prices up by an average of 69 percent. Taken together, Euronews calculates these two make for a total 90-percent increase in household energy bills over the past year.
...
The high energy bills are creating headaches for European governments: strikes and protests are multiplying and disgruntlement with energy policies is growing. The cost of living in most of Europe is already exorbitant because of the energy crisis and this crisis is only going to get worse after the EU embargoes on Russian oil and then fuels come into effect.
In some parts of Europe, according to the latest HEPI report, energy prices have reached record highs but in others, prices have actually fallen, at least in October. The news is not as good as it looks at first glance: the decline was a result of government intervention, i.e. energy subsidies.
There have been a lot of subsidies as European governments try to alleviate the financial pain on households and businesses to avoid further disgruntlement. Germany alone will be spending some $200 billion on such coping measures, including a cap on energy prices up to a certain level of consumption.
(Excerpt) Read more at oilprice.com ...
Natural Gas prices are 327% higher for me this year here in the midwest.
I looked at my bill earlier this week. I'd be happy with 90% at this point.
A+
Isn’t that what any enemy agent would do?
Destroying the prime strength of this nation. How can we win wars or progress as a nation when we depend on windmills and solar panels while the enemy relies on oil and gas based industry. Have we not learned from WWII why we won? Germany ran out of energy. Why were the allies so keen in bombing the Ploesti refineries?
Over in Egypt the world politicians are deciding on climate reparations. The USA has a brain damage pedophile representing our country.
‘Europe’s Energy Nightmare Has Only Just Begun’
https://www.youtube.com/watch?v=AySC0LbRP7M
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.