Europe predicted the biggest electricity bill of the decade

Posted 17 February, 2022

In 2022, due to rising energy prices, Europe will receive the largest electricity bill in a decade, predicted the chairman of the energy committee of the Association of European Businesses, Ernesto Ferlenghi. This is reported by Izvestia.

Ferlengi noted that according to Citigroup's calculations, in 2022 the total account in the European region will be a record $1 trillion against $300 billion a year earlier, which will provoke a rise in prices and accelerate inflation.

He also commented on the West's accusations against Russia, which is allegedly responsible for the jump in gas prices, calling the gas contracts, which are more than 50 years old, "the gold standard of quality."

“When we talk about the crisis in the gas market, you need to understand that there were many reasons for it and they are all different. The Russian Federation fulfilled all its contractual obligations in 2021, and there is not a single signal about short deliveries within the agreed volumes,” Ferlengi said.

At the same time, he believes that cooperation between Russia and the European Union in the gas sector is a model of an ideal partnership.

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17 February, 2022 10:55

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