Inside the UK’s Energy Price Crisis ...Middle East

OILPRICE - Economy
Inside the UK’s Energy Price Crisis
source : OILPRICE ( Middle East ) () 73
Energy prices for consumers across the UK rose again this month.   Ofgem, the energy regulator, set the maximum annual rate for an average household for gas and electricity at £1,755 until the end of the year.  The cap is now over £600 higher than when it was first introduced in 2019.  Under the cap, the average price of gas is significantly cheaper than electricity at 6.3p per kilowatt hour (p/kWh) compared to 25.7p/kWh. New data on Tuesday also showed that the industrial electricity price paid for UK industry was…

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