UK annual energy bills likely to soar above £5,000 ...News

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UK annual energy bills likely to soar above £5,000
The grim forecast comes as Europe is facing the worst power crunch in decades The average annual energy bill in Britain is expected to surge above £5,000 (nearly $6,100) in 2023, according to the latest forecast issued by the UK independent energy consultancy Auxilione. The rising UK energy price cap, an officially set reference point, would mean that average households are likely to spend some £571 on energy every month. Last week, the country’s energy industry regulator Ofgem said the cap would change every three months, instead of the usual six-monthly change, due to high volatility in energy markets. The UK-ba

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