However, a steep rise in the bills is expected from July, as the price cap – which protects households from excessively high bills by capping the price that energy utility providers can pass on to them – is set to surge, due to the spike in international gas prices. The gas price shock in Europe, “is reviving the specter of the 2021–22 gas crisis, with countries such as Italy and the United Kingdom especially exposed by their reliance on gas?fired power, while France and Spain are relatively protected by their greater nuclear and renewables capacity,” the IMF said earlier this week. The current crisis has prompted energy associations and analysts to call on the UK government to boost Britain’s gas storage capacity and support production in the UK North Sea instead of constantly erecting barriers to the oil and gas industry.
Author: Tsvetana Paraskova
Published at: 2026-04-01 22:00:00
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