Published On: Tue, Jan 25th, 2022

Why is gas and electric going up? Will there be Government support? | Personal Finance | Finance

Last winter was also a cold one, not only in the UK but worldwide.

Generally the gas storage replenishment season starts in April, but a cold April and May depleted European gas reserves more than usual.

As the UK relies on gas imports from other parts of the world like Asia, supply has been low as demand has also been high there.

To add to the mayhem, gas deliveries via pipelines to Europe from Russia have reduced year-on-year, inflating prices even further.

Source link

About the Author