U.K. residents to see 80% increase in energy bills

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Gas prices in Europe reached record levels over the last year, triggered by Russia's invasion of Ukraine, which drove up consumer prices.

The price cap announced Friday will take effect Oct. 1, after which it is expected to increase again, CNBCThe price cap is the maximum standard charge that energy suppliers can bill domestic customers for their electricity and gas bills, taking into account wholesale market prices and other industry costs, CNBC notes.

The Bank of England has predicted that the U.K.'s inflation may peak at 13.3% in October, higher than the 11% previously predicted, driven particularly by rising energy prices, per

 

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Even though the UK doesn't use russian gas

felipefrp1 Bem vindo, Felipe! É LULA, para nossa alegria.

Lying mouthpiece for the Democrat Party? You know Democrats and Joe Biden shrunk the U.S. Oil Supply. Selling China oil from the U.S. Strategic Oil Reserve was a slap in the face of ALL Americans.

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