Liam Halligan: For all the positive headlines, though, electricity costs in the UK remain extremely high by international standards – bad news not only for households, but also for British manufacturers. Bills are also way above where they were before Russia invaded Ukraine two years ago. Back in 2020, the last full year before signs of escalating tensions between Russia and Ukraine started spooking global energy markets, UK electricity prices averaged around 27.15 c€/kWh – a third lower than now. … read more »

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