UK household energy demand slumps to 50-year low due to high prices

According to the data released by the Ministry of Energy Security and Zero Emissions, household energy consumption decreased by 15 percent in 2022 compared to the previous year.

Especially in the last quarter of the year, with the acceleration of the decline in electricity and natural gas demand, household energy consumption in the country saw the lowest level of the last 50 years.

Last year, the UK’s total gas consumption was 799 terawatt hours, down 7.5 percent from the previous year.

While the gas consumption of the household decreased by 19 percent in this period to 200 terawatt hours, the gas demand in the industry decreased by 8.2 percent. Gas consumption in residential and industry was the lowest recorded since the 1970s.

The country’s electricity demand also fell by 3.9 percent to 273 terawatt hours in 2022. Household electricity demand, on the other hand, fell 5.9 percent to the levels of consumption in the mid-1990s.

The prices, which started to increase in the second half of 2021 with the supply-demand imbalance in natural gas, reached record levels due to the increasing supply constraints after the Russia-Ukraine War. Europe was the region most affected by high gas and electricity prices.

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