Europeans began to save even more on energy and utilities

Reuters: Residents of Europe began to save even more on energy and utilities Europeans are increasingly saving on electricity consumption and utilities due to rising resource prices, which arose due to anti-Russian sanctions.

This is written by Reuters analysts.

It is reported that Europeans began to spend record shares of their budgets on electricity and household services. This forces people to drastically reduce the use of household appliances, wash at work so as not to receive large water bills and abandon air conditioners and fans, despite the hot weather.

Reuters emphasizes that since the beginning of 2022, gas prices in Europe have increased by 550 percent. The cost of energy for British consumers will rise by 80 percent from October 2022, bringing the average annual household bills to 3,549 pounds ($4,188).