Energy bills are nearly 90 percent higher for households across Europe compared to a year ago, according to a new report.
The massive increase in energy prices throughout Europe has been caused by Russia’s war against Ukraine.
The energy crisis caused by the Russia–Ukraine war and the resulting sanctions on Mosco have generated a cost-of living crisis, plunging many developed economies in the eurozone into recession, according to the latest figures from the Household Energy Price Index (HEPI), released on Nov. 7.
The HEPI is a monthly tracker of energy prices for households across 33 European capitals, including the 27 members of the European Union (EU) and other countries, such as Montenegro, Norway, Serbia, Ukraine, the United Kingdom, and Switzerland….