Is construction ready for a full-blown energy costs crisis?

By Carl Brown2022-01-26T07:00:00

Materials shortages are easing but the construction sector is about to be hit by a second wave of inflation due to soaring energy costs

When not reporting on coronavirus or “partygate”, the media has been rather preoccupied in recent weeks with the potentially devastating impact that rising global energy prices are having on household finances.

Monthly average gas prices in Britain have been soaring. Figures from Ofgem showed that the wholesale price of gas through forward delivery contracts jumped 80% in the six months to November 22, while the price of gas delivered through day-ahead contracts more than trebled.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community