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Key figures on energy use and the potential impact of price caps on electricity and gas costs in Europe in 2022

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Source

Release date

September 2022

Region

Europe

Survey time period

2022

Supplementary notes

* Power generation price cap for combined cycle gas turbine (CCGT) power plants.

Citation formats

Energy cost increases by price cap scenario in Europe 2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 7, 2022
Introduction of a power generation price cap across Europe for combined cycle gas turbine (CCGT) power plants could result in a considerable decrease in European energy bills. In a price cap scenario, the total increase in European energy bills in 2022 compared to the previous year is estimated to total *** billion euros. Meanwhile, an increase in energy bills of more than *** billion euros is the estimated result when no price cap is introduced.
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