US EditionWhy Britain pays more for electricity
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Why Britain pays more for electricity
Electricity pylons at Five Lane Ends, Lancaster (via Alamy/ RYKABC)UK electricity prices are among the highest for developed economies. The UK’s reliance on gas to generate electricity meant prices surged following Russia’s invasion of Ukraine. Despite falling back from the 2022 peak, electricity prices are currently more than 50% higher than before the invasion. High energy prices have squeezed households and created huge challenges for energy-…
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