Since the beginning of the Ukraine war and the sanctions it triggered, energy prices have skyrocketed. Liz Truss has warned that soaring energy bills are a ‘price worth paying’ in order to stand up against Vladimir Putin. President Joe Biden has called this year’s rocketing bills ‘Putin’s price hike.’ Margrethe Vestager, vice president of the European Commission, has encouraged Europeans to take short, cold showers to conserve energy.