UK Energy Bills To Rise by 80%
British households will see energy prices surge by 80% starting from October, the government regulator Ofgem announced on 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 i
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