Average energy prices in Europe have broken a record again

According to Bloomberg, the average price of a kilowatt-hour of gas in the European Union and Britain reached $0.18. This is an average indicator, since the pound and the euro are not equivalent. However, it conveys a general disturbing trend. A kilowatt-hour of electricity now costs about $0.36.

If compared with the same period last year, these indicators increased by 100% and 67%, respectively. So far, the blow to the family budget is not so noticeable, since the governments have allocated 550 billion euros to support citizens. However, closer to winter, the shortage of energy may become more prominent and its cost may start to rise again. And then it will be difficult for the authorities to provide substantial assistance to households.