School of Engineering Fellow Dr. Paul Deane explains why electricity prices are increasing so much this year
Many households across the country have recently received notification from their electricity supplier advising that their bill will be increasing. This reflects a broader trend seen across Europe where the cost of generating electricity this month has surged to record highs.
The root cause is not one single issue but rather a series of events that have tended to reinforce and amplify a problem of demand outrunning supply, and at its core is the story of natural gas and the role it plays in our modern economy.
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