Europe’s energy crisis shows no signs of easing. With imports from Russia drastically reduced, industrial electricity prices soared 124% between 2019 and 2023 in the UK and 93% in France. In the UK, the average annual household bill will hit £1,755 from October 1st, a £35 hike from the previous cap set three months ago, while small businesses face mounting pressure from skyrocketing costs.
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