UK nearly doubles energy price cap in cost-of-living crisis | The Guardian Nigeria News - Nigeria and World News

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Britain announced Friday a vast 80-percent hike in electricity and gas bills, in a dramatic worsening of the cost-of-living crisis before winter as the UK awaits a new leader.

Energy customer Diane Skidmore examines her electricity meter in her flat on the south London estate where she lives, on August 25, 2022. – Increasingly cash-strapped Britons learn Friday, August 26, how much their electricity and gas bills will rise in October, as the regulator unveils its latest energy price cap that could tip millions into fuel poverty.

The news sparked outcry from charities who said families faced one of the “bleakest Christmases” for years, with UK inflation already in double-digits and forecast to strike 13 percent in the coming months due to runaway energy bills. “We know the massive impact this price cap increase will have on households across Britain and the difficult decisions consumers will now have to make,” added Ofgem boss Jonathan Brearley on Friday.‘Zombie’ government

Gas comprises a major part of Britain’s energy mix, with tens of millions of homes relying on gas-powered boilers for their heating.

 

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