Rising Energy Prices Hit Scottish Economy Hard, ECIU Report Highlights £11 Billion Loss

The Scottish economy has taken a serious hit from surging global energy prices. A new Energy & Climate Intelligence Unit (ECIU) report, published on 23 February 2026, finds that the energy crisis between 2021 and 2024 has cost the Scottish economy an estimated £11 billion. That works out to about £2,260 in extra energy costs for every household, nearly 70 % of an average Scot’s yearly food and drink spend.