Brits warned of another tough winter ahead ...News

Russia Today - Economy
Brits warned of another tough winter ahead
source : Russia Today ( News ) () 161
Energy bills are expected to rise sharply in early 2024 when the UK regulator Ofgem hikes the price cap UK households can expect higher energy bills from January as the nation’s regulator Ofgem will bring its price cap for ordinary consumers up to £1,931 ($2,395), according to the final forecast for the first quarter by consultancy Cornwall Insight. This is an increase of 5% from the current price cap, which is set at £1,834 per year for a typical consumer, the consultancy said this week. Prices are much lower than the peaks seen last year during the energy crisis in Western Europe, however, they remain well above

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