Why Are Gas Prices So High 2024 Uk. The simple reasoning is that demand is increasing again as the economy rebounds from the pandemic, while supply has been drying up. Uk natural gas contracts for next year’s first quarter are nearly 7% more expensive than european benchmark contract prices, according to analysis by auxilione.
One reason why prices are rising faster in the uk is that, while the country only imports a small percentage of its gas from russia, it relies more heavily on gas than its european neighbours. Global demand’s impact on uk gas prices in 2024.
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