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Energy Bills In Europe Are 90% Higher Than Last Year
Oil Price ^ | Nov 08, 2022, | Irina Slav -

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 ...


TOPICS: Business/Economy; Germany; News/Current Events; Politics/Elections; United Kingdom
KEYWORDS: bills; electricity; energy; europe; gas; gasprices; naturalgas; prices
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1 posted on 11/10/2022 4:40:26 AM PST by george76
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To: george76

No way.
Nonsense.
We have FR people who are from Europe and Germany and they say otherwise; that everything is A-OK.

/s


2 posted on 11/10/2022 4:42:25 AM PST by cranked
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To: george76

They were warned....they chose to mock and snicker at the man that warned them.


3 posted on 11/10/2022 4:45:15 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: cranked

we also have kooks here who say Europe is “about to collapse” or “everyone there will freeze to death this winter” LOL

so there’s a lot of nonsense on these threads


4 posted on 11/10/2022 4:45:38 AM PST by canuck_conservative
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To: cranked

We have one Zelenskyite from Berlin who has been economically forced to ride a bike to his job at McDonalds. Maybe he’ll check in and give us a report?


5 posted on 11/10/2022 4:47:55 AM PST by JonPreston
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To: cranked

Biden Is Running U.S. Energy Security Into The Ground...

https://community.oilprice.com/topic/32974-biden-is-running-us-energy-security-into-the-ground-by-irina-slav/


6 posted on 11/10/2022 4:49:12 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: canuck_conservative

Perhaps.

Long stated the problems for Europe are not short-term - i.e.: this Winter. Their problems are long-term, this coming year, next Winter, the following year, etc.

The replacement for cheap Russian gas is going to be a long-term quest for the EU, and findings those replacements are not going be solved in the short-term, if ever short of Europe itself going against the Euro-greenies and weenies and building coal plants, nuclear plants, etc. en masse.


7 posted on 11/10/2022 4:50:22 AM PST by cranked
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To: cranked

Our big guy has also ensured us that there’ll be no similar increases in America. FR needs to get after the Putin stooges who keep posting that Russian propaganda about New England, USA heating bills!


8 posted on 11/10/2022 4:53:20 AM PST by hardspunned (former GOP globalist stooge)
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To: cranked


9 posted on 11/10/2022 4:53:39 AM PST by Travis McGee (EnemiesForeignAndDomestic.com)
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To: george76

Gee, same **** going on on both sides of the Atlantic.

What a coinkydink.


10 posted on 11/10/2022 4:56:17 AM PST by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: cranked

They’ve got a replacement.

Have you seen our energy exports stats...?


11 posted on 11/10/2022 4:57:03 AM PST by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: george76

Biden isn’t the antichrist.
He’s just clearing the way for his arrival.


12 posted on 11/10/2022 4:58:34 AM PST by Leep (Hillary will NEVER be president! 😁)
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To: V_TWIN

This might be a test case from the WEF for the people of Europe (first), and then us. Are they willing to accept not using cheap energy but only expensive energy (like wind, solar, etc.) which the government will provide. Or will the rise up and demand cheap, plentiful carbon based energy, which they know that the governments can allow? They might be testing Europe first before they take us on.


13 posted on 11/10/2022 5:00:00 AM PST by silent majority rising
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To: mewzilla

Qatar?

Is that why the proposal for price caps did not happen, given Qatar threatened Europe that if such did take place, they would halt gas shipments to Europe?


14 posted on 11/10/2022 5:00:03 AM PST by cranked
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To: mewzilla

American exports cannot be long term. We have abandoned fossil fuels.


15 posted on 11/10/2022 5:00:07 AM PST by Empire_of_Liberty
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To: george76

Take that Putin! The so called elites couldn’t care less because they are never impacted by their decisions.


16 posted on 11/10/2022 5:01:11 AM PST by wiseprince (Me,)
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To: cranked

Even if their energy bills are 90% higher the Europeans are satisfied and warming themselves with the idea that they are standing up to Putin and decimating his army.


17 posted on 11/10/2022 5:02:00 AM PST by srmanuel (C)
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To: srmanuel

I hear ya.
*thumbs up*

Hope all goes well for you all.


18 posted on 11/10/2022 5:03:02 AM PST by cranked
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To: george76

I would say good they deserve it, but energy is a somewhat global commodity with fossil fuel prices depending on world supply so it I’ll affect our prices too.


19 posted on 11/10/2022 5:31:42 AM PST by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
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To: george76
Energy Bills In Europe Are 90% Higher Than Last Year


20 posted on 11/10/2022 5:50:38 AM PST by Navy Patriot (Celebrate Decivilization)
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