UK Unveils $18.4 Billion Package To Help Customers Pay Energy Bills ...Middle East

OILPRICE - Economy
UK Unveils $18.4 Billion Package To Help Customers Pay Energy Bills
source : OILPRICE ( Middle East ) () 22
Household energy bills will spike to over £3,000 per year next January, putting more pressure on cash-squeezed Brits in the coldest month of the year. Energy specialist Cornwall Insight has forecast that the price cap could rise to £2,980 when it is next updated in October, and climb again January to £3,003 per year, when energy demand is at its peak. This is dependent on Ofgem reforming the cap to a quarterly mechanism, with the watchdog unveiling a tend-to consultation earlier this year. Ofgem has argued this will ensure consumers…

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