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Europe's energy crisis, and what governments are doing about it

The reasons behind your skyrocketing bills
Cause 1. Conflict between countries
Cause 1. Conflict between countries
Cause 1. Conflict between countries
Cause 1. Conflict between countries
Cause 2. Post-pandemic demand
Cause 2. Post-pandemic demand
Cause 2. Post-pandemic demand
Cause 3. Extreme weather
Cause 3. Extreme weather
Cause 3. Extreme weather
Cause 4. Storage headaches
Cause 4. Storage headaches
Cause 4. Storage headaches
Cause 5. OPEC+ intransigence
Cause 5. OPEC+ intransigence
Cause 5. OPEC+ intransigence
Cause 6. Ageing infrastructure
Cause 6. Ageing infrastructure
Cause 6. Ageing infrastructure
Cause 7. Nuclear power phaseout
Cause 7. Nuclear power phaseout
Cause 7. Nuclear power phaseout
Cause 8. Energy company profiteering
Cause 8. Energy company profiteering
Cause 8. Energy company profiteering
Cause 9. Fossilflation
Cause 9. Fossilflation
Cause 9. Fossilflation
Cause 10. Transition woes
Cause 10. Transition woes
Cause 10. Transition woes
Cause 11. Lack of government planning
Germany
Germany
United Kingdom
United Kingdom
France
France
Spain
Spain
Italy
Italy
Poland
Poland
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Balazs Vekony/Shutterstock

The reasons behind your skyrocketing bills

As you're no doubt painfully aware, the first truly global squeeze on energy supplies is currently wreaking havoc around the world, and particularly in Europe. Understanding why this is happening is no mean feat since a perfect storm of complex factors has created the nightmarish scenario we find ourselves in. 

Read on as we track the turbulence that led up to the current energy crisis, and find out how different countries are fighting rising costs. All dollar amounts are in US dollars.

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Daniel Coughlin

05 October 2022

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