https://sputnikglobe.com/20210806/energy-bills-for-millions-of-uk-citizens-to-grow-by-12-as-price-cap-lifted-1083543908.html
Energy Bills for Millions of UK Citizens to Grow by 12% as Price Cap Lifted
Energy Bills for Millions of UK Citizens to Grow by 12% as Price Cap Lifted
Sputnik International
MOSCOW (Sputnik) - Some 15 million citizens will have to pay £139 ($193) more for energy after the price cap is lifted in October, the United Kingdom Office of... 06.08.2021, Sputnik International
2021-08-06T12:23+0000
2021-08-06T12:23+0000
2023-05-28T15:15+0000
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"The energy price cap will increase from 1 October for the 15 million customers it protects. Those on default tariffs paying by direct debit will see an increase of £139 ($193) from £1,138 ($1,583) to £1,277 ($1,777)". the office stated.The sharp 12% rise, which will affect half the population, is provoked by an over 50% surge in wholesale fuel costs over the last six months, with gas prices hitting a record high as global economies struggle to overcome COVID-19 aftermath, Ofgem explained.Citizens are eligible for various assistance programs such as affordable debt repayment plans, payment breaks, and emergency credits.The new rules are expected to disproportionately affect low-income families across the UK, where 2 million households are already behind on paying their energy bills.
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Energy Bills for Millions of UK Citizens to Grow by 12% as Price Cap Lifted
12:23 GMT 06.08.2021 (Updated: 15:15 GMT 28.05.2023) MOSCOW (Sputnik) - Some 15 million citizens will have to pay £139 ($193) more for energy after the price cap is lifted in October, the United Kingdom Office of Gas and Electricity Markets (Ofgem) said on Friday.
"The energy price cap will increase from 1 October for the 15 million customers it protects. Those on default tariffs paying by direct debit will see an increase of £139 ($193) from £1,138 ($1,583) to £1,277 ($1,777)". the office stated.
The sharp 12% rise, which will affect half the population, is provoked by an over 50% surge in wholesale fuel costs over the last six months, with gas prices hitting a record high as global economies struggle to overcome COVID-19 aftermath, Ofgem explained.
Citizens are eligible for various assistance programs such as affordable debt repayment plans, payment breaks, and emergency credits.
The new rules are expected to disproportionately affect low-income families across the UK, where 2 million households are already behind on paying their energy bills.
