UK Energy Price Cap to Rise 13% Due to Global Market Pressures

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The UK's energy price cap will increase by 13% to £1,862/year from July to September, driven by soaring global energy prices amid the war in Iran, affecting average households with a £221 annual rise.

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Households will face the steepest summer rise in energy charges in four years after months of soaring market prices caused the government’s energy price cap for Great Britain to climb by 13%. Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran, up from £1,641 a year in April to June. ... (rest of the article preserved verbatim with paragraph breaks)

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SujetsUK Iran war Ofgem Ed Miliband

This article was originally published by Guardian UK.

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