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Soaring Energy Costs Horrify EU Print E-mail
by Tom McGregor    Mon, Aug 4, 2014, 09:34 PM

The European Union faces soaring energy costs and with added sanctions on Russia, life could get much tougher for EU residents.

According to the BBC News, "Homeowners in Europe are more worried about energy bills than paying the rent or mortgage, a survey suggests. The finding comes as part of research by Europe's largest DIY retail group, Kingfisher."

Kingfisher boss Sir Ian Cheshire is quoted as saying that, "It is soaring bills that is driving this agenda."

"But," as reported by the BBC, "the biggest priority in the home is improving energy efficiency. Almost a third (31%) said they intended to introduce measures to cut their energy bills."

The EU has heavily regulated energy companies, which played a pivotal role in surging utility prices.

To read the entire article from the BBC News, link here:

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