« Power costs in Germany hit historic highs | City tries to cancel use of the term ‘homeless’ » |
Link: https://www.rt.com/business/561583-uk-energy-prices-surge/
British households will see energy prices surge by 80% starting from October, the government regulator Ofgem announced Friday. The annual price cap is set to be increased from the current level of £1,971 ($2,323) to £3,549 ($4,183). According to Ofgem Chief Executive Jonathan Brearley, the hike will have a “massive impact” on families across the country, with another rise likely to come in January, reflecting high volatility in energy markets.