The British government unveiled a £ 9bn support package on Thursday to alleviate the rise in energy bills.
3.2. 18:14
Britannian the energy bill for households will rise by 54 per cent in late spring.
Ongem, the British energy market agency, said on Thursday it would raise the average annual ceiling on regulated consumer contract bills to £ 1,971, or around € 2,400, from the beginning of April.
According to the authority, the increase affects about 22 million customers.
Ofgemin according to the increase is the result of a record rise in gas prices over the past six months. The wholesale price of gas has quadrupled in a year, bringing down nearly thirty energy companies in the UK.
The ceiling limits how much energy companies can charge their customers. The ceiling is updated twice a year and monitors wholesale energy prices and other costs.
The roof is intended to limit the profits of energy companies, but it will allow energy companies to pass on increased costs to their customers.
Read more: Britain is just two months away from the ‘brutal’ rise in the cost of living – soaring prices are eating away at Boris Johnson’s government
To alleviate household plight The British government announced a £ 9bn support package on Thursday, according to Reuters news agency.
The state will provide state-subsidized loans to energy companies to spread the cost increase over five years. The state is also lowering municipal taxes.
British households received bad news anyway on Thursday as the Bank of England decided to raise its key interest rate by 0.25 percentage points to 0.50 per cent for the second time in a row. Raising interest rates raises household borrowing costs.
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