Posted on 11/11/2022 6:22:44 AM PST by rktman
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.
"Significantly higher [energy prices] compared to one year ago ... can be attributed to a combination of factors, such as increased demand connected to post-pandemic economic recovery and extraordinary weather conditions, the record-high prices for natural gas, and high CO2 emissions allowances," the authors of the latest HEPI report noted.
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.
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 ...
How’s New England, USA doing?
How’s New England, USA doing?
My ex-wife, who lives in Rochester, NH, told me she almost fell out on the floor when she had to fill and pay for her heating oil tank.
Other than that, can’t say cause I live in VA.
The wife and I watch the Brit TV series ‘Shetland’ set in the Shetland Islands, which are actually closer to Norway than mainland UK.
Anyway, saw an article a couple of weeks ago that the average heating bill in Shetland is now 10,000 pounds per year or about $11,700 per year at current rates. I don’t see how folks can afford $1000 per month, but I guess they do.
Excellent TV series btw.
Dementia Joe's response to all of the messes he created, So, I'm not going to change anything in any fundamental way.
Hang in there Europe! America is hurrying to catch up with you.
If you were a German and had a fairly long contract period going on....you probably only saw your natural gas bill double. The folks who flipped around in the past 12 months? They are probably nearing triple the rate of 2021.
The belief is that Germans will lessen natural gas usage, then turn on electrical heaters....sucking wattage out of the electrical grid...triggering some blackouts this winter. Everyone and their brother are trying to lessen electrical usage. But to be honest, with LED bulbs and newer dryers/refrigerators....most people are already using 50-percent of the wattage they used 20 years ago.
So LED space heaters are a NO then? 🤔👍
Here in MA electric rates went up over 60% on Nov 1st..
We can’t have that natural gas pipeline it’s bad for the environment dontcha know.
As if there weren’t enough stupid to go around, the INTENTIONAL and wholly artificial restrictions put upon the production of hydrocarbon fuels, to force the conversion to “green energy”, is a fool’s errand.
The world is going to have to rely on the abundant and easily obtained energy found in hydrocarbon fuels for DECADES, if not centuries, until a REAL source of abundant and easily released alternative if found. We already have some of the means to generate plentiful electrical energy, at a relatively low cost, but the same stultifying stupidity that does not want hydrocarbon fuels to be burned in the presence of oxygen does not want these other means either.
I am speaking of the use of nuclear reactors to generate vast quantities of heat under controlled conditions, and through already well-known engineering principles, convert this heat energy to electrical current which has brought great prosperity to the entire world, but only if it is both abundant and cheap.
The world is not simply stuck with uranium-fueled light water reactors, which, regardless of their overall safety records in operation, have had some spectacular fails, at Chernobyl, Three Mile Island, and Fukushima, and more than a few near-disasters. Technology moves on, and there are now in various degrees of development, variations on the concept that include use of thorium as fuel, and rather than a water-cooled atomic pile in which enriched uranium fuel rods are used, the use of a molten fluoride salt as a medium in which the reaction takes place at a much more controlled and manageable rate. This design is far safer than a runaway uranium-fueled LWR system, as the so-called “China syndrome” is absolutely impossible.
That’s pretty accurate. Thanks for posting that photo and caption. I’m going to use it...thanks.
Do you have any doubt that by January we in the hinterland will be crying the same blues?
Given the current BidenIdiot regime energy policies of destroying our fossil fuel industry, no.
A cold winter could mean thousands of deaths in Europe due to the effects of hypothermia. Mother Gaea, the climate change deity is vengeful and demands human sacrifices.
And the brainwashed Europeans, believing the cold weather to be created by carbon dioxide, will cry out for more windmills and solar panels.
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