cover image: Report title to go here, it can go over many lines

Report title to go here, it can go over many lines

21 Oct 2022

Even though the average monthly change of electricity, gas and ‘fuels and lubricants for transport’ is almost identical in the period of 1995-2021, the standard deviation (a measure of volatility) of diesel and petrol is more than double that of gas and almost triple that of electricity (see Table 1). [...] electricity prices Comparing estimates of the weighted average cost of electricity generation in are at least 150% Europe in the first half of 2022 to average wholesale electricity prices in above Germany in August 2022 shows a massive price differential, with wholesale production costs prices around two and a half times as high as the high estimate for production costs. [...] of the recent Household energy is a component of the consumer prices index (CPI), and the consumer price weights of fossil fuel and electricity account for around 10% of the overall inflation basket of goods and services included in the CPI (gas and fuels account for around 7% and electricity for around 3%). [...] For households in the bottom 20% of the income distribution, the share of household energy costs in overall household 4 The best available deals for a Berlin postcode on 15 September 2022, according to the German check24.de price comparison website. [...] In response to the recent increases in fossil to address the fuel prices, the German government has heavily intervened and introduced a energy price number of measures to tackle the rising cost of energy for households and increases in businesses.

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United Kingdom