UK Energy Bills Could Surge By Another 42% In October ...Middle East

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UK Energy Bills Could Surge By Another 42% In October
source : OILPRICE ( Middle East ) () 30
The UK hasn’t seen the worst of its cost-of-living crisis as energy bills could soar by another 42% in less than six months’ time when the energy regulator will raise the so-called energy cap again. The UK has an Energy Price Cap in place, which protects households from excessively high bills by capping the price that providers can pass on to them. But as the price cap was raised by 54% in April —because of the high energy prices in the six months prior to the decision for the increase made by energy market regulator Ofgem in…

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