UK “Passed Debt And Death Sentence On Millions” By Increasing Energy Price Cap By 80%

UK “Passed Debt And Death Sentence On Millions” By Increasing Energy Price Cap By 80%

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The 80% rise in the U.K.’s cap for consumer electricity and natural gas bills this fall will drive millions of households into energy poverty this winter as the worsening cost-of-living crisis stokes fears of recession.   All the chatter today among British people is energy regulator Ofgem’s rise in the cap on power bills to a record £3,549 ($4,189) beginning Oct. 1 from £1,971 ($2,330) at present. That cap is expected to rise to £5,439 ($6,427) by January and £7,272 ($8,594) by spring — all due to skyrocketing wholesale NatGas and electricity prices caused by declining Russian energy supplies to Europe,...
Source: https://www.newswars.com/uk-passed-debt-and-death-sentence-on-millions-by-increasing-energy-price-cap-by-80/