Financial supports allocated by governments have reportedly failed to shield households from the crisis The average retail gas price across the EU and the UK doubled in October compared to the previous month, when it amounted to €0.18 per kilowatt-hour, Bloomberg reported on Monday, citing data from energy consultancy VaasaETT. Meanwhile, electricity costs for consumers have reportedly soared 67% to €0.36 per kilowatt-hour. The surge occurred despite European governments’ latest attempts to protect households against spiraling energy prices by providing billions in subsidies. EU leaders have pledged more than €550
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