Why Is There An Energy Crisis?

Rise In Fuel Prices

The price of natural gas has significantly risen following Russia’s invasion of Ukraine. This is due to how important this commodity is to various sectors of the economy and how few alternative energy sources are available in Russia.

With supplies reduced and prices higher, the European population is struggling on a day-to-day basis. In 2022, the European benchmark for natural gas prices has increased by 15% to almost EUR 200 a megawatt-hour. This is due to the increasing number of utilities bidding for supplies. This has raised concerns about the potential impact of a winter recession on the energy bills of consumers.

By increasing transparency in the electricity and gas markets, consumers can make informed decisions when it comes to choosing their energy sources, including renewable energy. This can help promote fair competition and encourage the use of different energy sources.

Crowdfunding For Energy Poverty

During the energy price increase, you can cover your payment of electricity bill or cover the fuel prices. The cost of energy in Europe is rising day by day, escalating other costs, including medical and industrial. But you can start saving and begin a fundraising campaign for your future.

While you can reduce your energy consumption, Crowdfunding can help you to pay for the gas and electricity prices and raise money for the energy supplies that you require. With a 0% registration fee, you can start a fundraising campaign and get the necessary help that can help you get through the energy price increase. Raise money to combat the energy cost rise now!