Scottish economy dealt £11billion blow during energy crisis as each household bore £2,260 in excess energy bills
Scotland s economy suffered an £11billion hit during the energy crisis between 2021 and 2024 as soaring global gas and oil prices drove up costs for households and businesses. This additional burden placed on Scottish energy users stemmed from Russia s invasion of Ukraine, which caused wholesale gas prices to surge. Rising oil prices also pushed up costs at petrol pumps, further increasing pressure on consumers and firms. The Energy and Climate Intelligence Unit (ECIU) analysis showed that
Scotland s economy suffered an £11billion hit during the energy crisis between 2021 and 2024 as soaring global gas and oil prices drove up costs for households and businesses. This additional burden placed on Scottish energy users stemmed from Russia s invasion of Ukraine, which caused wholesale gas prices to surge. Rising oil prices also pushed up costs at petrol pumps, further increasing pressure on consumers and firms. The Energy and Climate Intelligence Unit (ECIU) analysis showed that
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