People all over the world fear rising energy prices

By: Trademagazin Date: 2024. 02. 28. 11:22

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Two-thirds of consumers know how to switch to green energy, but they just don’t want to spend more money or time on it, according to EY’s research involving nearly 100,000 residential energy consumers in 21 markets, including Spain, Germany and Poland. The vast majority of those interviewed would not be able to pay even a 10 percent electricity price increase.

People have less and less confidence in the future of energy supply, according to EY’s international energy report. Barely a third of respondents (30%) believe that energy will remain affordable, and seven out of ten (72%) would not even be able to make ends meet if their electricity bill were to rise by 10 percent. Two-thirds of those surveyed do not plan to spend on sustainable solutions such as solar panels or electric cars in the next three years.

“According to our experience, the Hungarian population views the green transition similarly, that is, it welcomes it and sees it as necessary, but the majority of people need support. Therefore, in order for Hungary to be able to achieve further, spectacular development in this area, the appropriate incentives and the help of service providers are needed at the same time”

– highlighted Attila Ságodi, head of EY-Parthenon. He added that it is critically important that consumer-oriented developments take place that really bring the economy closer to a greener and more efficient energy system.