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Europe Energy Crisis

Anti-poverty campaigners have warned of serious damage to UK families due to energy prices.

UK regulator says it will raise main cap on consumer energy bills. Britons are grappling with soaring food prices as inflation hits 40-year-high of over 10%.

War in Ukraine is generally blamed for European energy crisis. Also electricity prices hit new records in Germany and France. Tensions between Russia and the West over Ukraine have led to reduction in Europe’s gas supplies. Western countries are seeking ways to replace Russian energy after sanctioning Moscow.

Press TV explores the reasons behind deepening energy crisis in Europe and its repercussions with Gilbert Doctorow, independent international affairs analyst from Brussels and George Szamuely, senior research fellow at Global Policy Institute from Budapest.


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