Norwegian expert says EU electricity bills won’t return to pre-pandemic levels
Anders Opedal, CEO of Equinor – the Norwegian oil and gas company – said in an interview with BBC he does not expect gas and electricity bills to return to the levels they were before the pandemic, since the refusal of Russian gas requires significant costs to transform the EU energy system
As Anders Opedal noted, Europe is currently undergoing a transformation of the energy system, which will continue to require significant costs and create a burden on households. All this follows from the actual cessation of gas imports from Russia.
“This will require a lot of investment and these investments need to be paid for, so I would assume that the energy bills may slightly be higher than in the past but not as volatile and high as we have today,” he added.
According to the BBC, until 2020, the average annual electricity bill for the Brits was about £1,300. Now the figure varies from £2,500 to £3,000 per year, taking into account subsidies from the United Kingdom authorities.
