What are the reasons behind the current energy market turmoil and what can be done about it?
European energy markets have been hitting the headlines, with rocketing electricity costs and escalating geopolitical spats, while energy supply retailers in the UK are failing on a daily basis. European power prices have jumped 100% from January 2021 levels, driven by gas; Dutch gas prices, often a proxy for European gas prices, are up 150% year to date1, coal by 76% and CO2e (carbon dioxide equivalent) credits by 80%.
Soaring energy bills have the potential to hit households hard at a time when many people’s finances are already under pressure due to knock-on effects from the Covid-19 pandemic. So, what exactly is going on? Click to read more
