U.K. Energy Bills to Jump 13% as Gas Shock Hits Households ...Middle East

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U.K. Energy Bills to Jump 13% as Gas Shock Hits Households
source : OILPRICE ( Middle East ) () 33
UK energy prices will jump by 13% from July 1 after energy regulator Ofgem on Wednesday raised the price cap as a result of higher wholesale gas prices amid the Middle East crisis. The UK has a so-called Energy Price Cap in place, which protects households from excessively high bills by capping the price that energy utility providers can pass on to them. The price cap is a limit on what suppliers can charge domestic consumers per kilowatt hour of energy used. Because of the new energy crisis created by the Iran war, energy prices in Britain will…

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