U.K. Energy Bills to Jump 13% as Gas Shock Hits Households
OilPrice.com
Read Full Article at OilPrice.com →Ad Slot — In-Article (728x90)
UK energy prices will jump by 13% from July 1 after energy regulator Ofgem on Wednesday raised the price cap as a result of higher wholesale gas prices amid the Middle East crisis.
The UK has a so-called Energy Price Cap in place, which protects households from excessively high bills by capping the price that energy utility providers can pass on to them. The price cap is a limit on what suppliers can charge domestic consumers per kilowatt hour of energy used.
This is a summary. For the full story, read the original article at OilPrice.com.
Original source: OilPrice.com