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Energy bills are soaring in Europe. What are countries doing?

8 pointsby cirrus-cloudsalmost 3 years ago

2 comments

cirrus-cloudsalmost 3 years ago
France and Norway are cushioning the impact of high energy bills in particular:<p><i>France</i>: &quot;..forcing the state-owned energy provider EDF to limit electricity wholesale price rises to 4 per cent for a year. The move is expected to cost €8.4 billion. The French government aims for this move to limit electricity price increases to 4 per cent, compared to an expected 45 per cent.<p><i>Norway</i>: &quot;According to a scheme introduced by the government in 2021, Norwegians only pay bills in full when prices are under 70 crowns (€7) per kWh. When energy bills pass that threshold, the government covers 80 per cent of the total.&quot;<p>Meanwhile in the UK, we have a self-absorbed government that has effectively &#x27;checked-out&#x27; with no urgency to tackle cost-of-living crisis.
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pydryalmost 3 years ago
Attempting to expand NATO to Russia&#x27;s doorstep has proven pretty damaging it seems.<p>According to the February predictions the Russian economy should also have imploded by now. It now looks equally likely that the European economy will crater first.
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