Here’s a text summary of published increases in costs for gas, oil, and electricity in the UK, excluding the direct impact of the Ukraine war:
- Domestic Energy Bills: While there have been some recent reductions, domestic energy bills in the UK remain significantly higher than pre-pandemic levels.
- Annual Increases: Looking at year-on-year data (e.g., Q3 2022 vs. Q3 2023), domestic energy prices increased by 4.9%, with electricity rising by 6.7% and gas by 1.7%.
- Longer Term Trends: It’s important to consider a longer timeframe. Compared to winter 2021/22, even with recent reductions, typical household energy bills are expected to be almost 40% higher in April-June 2024.
- Oil Prices: There have been fluctuations, but crude oil prices haven’t returned to pre-pandemic levels. While down from their peak in June 2022, November 2023 prices were still 53% higher than February 2020.
- Road Fuel Prices: These have recently decreased but remain above pre-pandemic levels. December 2023 prices showed a decrease compared to the previous year, but were still 24% (petrol) and 23% (diesel) higher than their peak in July 2022.
Keep in mind, these are general trends and may not reflect the specific experience of every household or business. (Source: Google Gemini)