Energy cost increases by price cap scenario in Europe 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 578 billion euros. Meanwhile, an increase in energy bills of more than 1.2 billion euros is the estimated result when no price cap is introduced.
