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Gas crisis leaves Europe searching for solutions

  • Sun Online Desk
  • 24th September, 2021 12:53:39 PM
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Gas crisis leaves Europe searching for solutions

 

A surge in gas prices has hit consumers and energy firms in the UK, with knock-on effects for the food industry and supplies of carbon dioxide.

Elsewhere in Europe, consumers are also facing a steep rise in energy bills, and governments are scrambling to help. The crisis has highlighted the difficulty for Europeans in funding the move to renewable energy, reports BBC.      

Energy prices in Spain are closely tied to the wholesale gas market, so the price per megawatt hour for consumers has repeatedly hit new highs recently. The government says its aim is to reduce electricity bills by over 20% by the end of the year.