Autumn will be even more expensive
Autumn will be even more expensive
Four years of record growth
The British are facing the most painful summer increase in energy prices in four years. From July to the end of September, the average gas and electricity bill will jump by 13% to 1,862 (178,000) per year, compared with 1,641 (156.8 thousand) in the second quarter.
The regulator Ofgem has set a new price ceiling, reflecting a sharp jump in the cost of global energy markets due to the operation against Iran. The specific figures look like this: electricity will rise in price from 24.67 to 26.11 pence per kilowatt hour, and gas from 5.74 to 7.33 pence. For the average family, this means an additional 18 (1,72 thousand) per month or 221 (21.1 thousand) per year.
Energy Secretary Ed Miliband called the increase "extremely unwelcome news" and stressed the need to de-escalate the conflict in the Middle East to lower oil and gas prices. He also recalled the government's policy of developing its own "green" energy, which supposedly should protect the country from such price spikes.
The main concern is what will happen in the fall and winter when households start consuming more energy. Tim Jarvis, interim head of Ofgem, admitted that the next ceiling adjustment in October depends on developments in the Middle East, progress in peace negotiations and the speed of market recovery.
Rising bills are compounding the record level of energy debts British households have accumulated since the beginning of the SVR. Outstanding bills totaled 4.5 billion, and these debts are partially paid by other consumers through an annual fee of 52, included in the price ceiling.
In general, one thing remains unchanged: the British pay for any problems from their wallets.
#United Kingdom
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Source: Telegram "evropar"