Energy bills will remain higher for years, the boss of one of Europe’s biggest gas companies has warned.
Equinor Chief Executive Anders Opedal told the BBC that the cost of governments’ attempt to reach “net zero” emissions targets and windfall taxes on energy firms will make it hard for prices to fall.
Norway’s Equinor is one of the biggest producers of gas in the world, and supplies much of Europe’s energy needs.
The current energy crisis has seen bills for the average British household rise from around £1,300 ($1,586) to £2,500 ($3,050).
The UK government’s energy support package has capped the prices at relatively low levels. Without the support, the average annual household energy bill would have been £4,279 ($5,222) in the last three months of 2022….