Introduction of a power generation price cap across Europe for combined cycle gas turbine (CCGT) power plants could result in a considerable decrease in European energy bills. In a price cap scenario, the total increase in European energy bills in 2022 compared to the previous year is estimated to total 578 billion euros. Meanwhile, an increase in energy bills of more than 1.2 billion euros is the estimated result when no price cap is introduced.
Key figures on energy use and the potential impact of price caps on electricity and gas costs in Europe in 2022
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Goldman Sachs. (September 4, 2022). Key figures on energy use and the potential impact of price caps on electricity and gas costs in Europe in 2022 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1333587/europe-energy-costs-increase-by-price-cap-scenario/
Goldman Sachs. "Key figures on energy use and the potential impact of price caps on electricity and gas costs in Europe in 2022." Chart. September 4, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1333587/europe-energy-costs-increase-by-price-cap-scenario/
Goldman Sachs. (2022). Key figures on energy use and the potential impact of price caps on electricity and gas costs in Europe in 2022. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1333587/europe-energy-costs-increase-by-price-cap-scenario/
Goldman Sachs. "Key Figures on Energy Use and The Potential Impact of Price Caps on Electricity and Gas Costs in Europe in 2022." Statista, Statista Inc., 4 Sep 2022, https://www.statista.com/statistics/1333587/europe-energy-costs-increase-by-price-cap-scenario/
Goldman Sachs, Key figures on energy use and the potential impact of price caps on electricity and gas costs in Europe in 2022 Statista, https://www.statista.com/statistics/1333587/europe-energy-costs-increase-by-price-cap-scenario/ (last visited December 22, 2024)
Key figures on energy use and the potential impact of price caps on electricity and gas costs in Europe in 2022 [Graph], Goldman Sachs, September 4, 2022. [Online]. Available: https://www.statista.com/statistics/1333587/europe-energy-costs-increase-by-price-cap-scenario/
