The Energy Crisis Commission has also warned that the UK as a whole remains “dangerously unprepared” for future price shocks (3). New analysis by the Energy and Climate Intelligence Unit (ECIU) has found that the energy crisis which followed the Russian invasion of Ukraine in 2022 cost the Welsh economy £5.65 billion – more than three times as much as the Welsh Government intends on spending on education over the next year (£1.8 billion) (1). “This important report highlights what people across Wales are already feeling daily; that the energy crisis is hitting them hard. “Communities owning, shaping and benefiting directly from their energy should be a core component of the Welsh energy system and central to building a fairer, more sustainable and more energy-secure Wales. Rising oil and gas prices come at a time when many energy intensive industries are already struggling with high industrial energy costs.

Source: The Guardian April 01, 2026 16:46 UTC