Households in the UK pay the most out of any country across Europe for their electricity, new analysis has found. The reasons for this include levies imposed by the UK Government on energy companies and the consequences of the move away from gas.
Analysis by the Financial Times shows that UK households pay more than Italy, Germany, the Netherlands, Spain, Estonia, France, Greece and Hungary, at just over €0.6 per kWh. This means the prices paid in the UK are up to 30% higher than in parts of mainland Europe.
Although countries like France have placed caps on electricity prices, the UK has its own reasons for being top of the leaderboard. One of these is the levies on energy companies in the UK, including "green levies" used to fund environmental policies like renewable energy and energy efficiency.
