Posted on 08/25/2022 6:46:10 AM PDT by george76
As many as half of British households may be facing fuel poverty because of the inexorable rise in energy prices, EDF, the French utility that also has business in the UK, has warned.
....
The UK's energy market regulator Ofgem is set to announce the latest energy price cap this week, which will see electricity bills for millions of Britons rise considerably.
The price cap, aimed to protect households from excessively high bills by capping the price increases that providers can pass on to them, normally gets adjusted twice a year.
In April this year, the cap was raised by more than 50%, doubling the number of fuel-stressed households in the UK overnight. But the UK hasn't seen the worst of its cost-of-living crisis as energy bills were expected to soar by another 42% in October when the energy regulator will raise the energy price cap again.
But the adjustment looks like it would be even higher than previously expected, with the latest forecasts seeing bills topping 6,500 pounds annually for millions of households next year, all because of higher natural gas prices. This is equivalent to about $7,600 per year.
(Excerpt) Read more at oilprice.com ...
coming to a Northern U.S. town near you.
Boy, that will show Vlad, eh?
By design. We begged them to save us from covid and obeyed their every desire.
We will beg them to save us again and obey.
LIHEAP will cover the poor.
The rest of us are just SOL.
One in six American households is struggling to pay their power bills..
> coming to a Northern U.S. town near you <
Yes, indeed. And those folks who voted for Democrats in early November will blame it on Putin and Climate Change.
Sigh. Some people just refuse to connect the dots.
The world appears destine to become nazi-ish …..
I’m operating an all electric 3000 sq. ft. home on $3000 a year currently. My area is rapidly being weaned from coal generated power. I know I’m living the last of the good old days of cheap electric.
Why don’t they just buy electric heaters? There’s never end energy coming from that plug in the wall! And its clean to boot! lol
Not an accident. It’s the deliberate destruction of the energy industry.
And what are our leaders talking about? Sending more money to Ukraine! More money in their pockets for all of them including the rats! They too have mansion mortgages of their own across the globe paid by the taxpayers so they need to squeeze the American saps a tad more until we are dry and can’t give no more ....don’t you know? Bailouts and sending money to other nations is a way of them pocketing taxpayer money. It’s a scam!
Income transfer to multi-national corruption from little locals.
I thought it was windy over there. Put up more windfarms.
Take THAT, Putin!!
Boris Johnson is quitting.
The United Kingdom has extensive reserves of oil and gas offshore. They need only blame their politicians for not tapping those resources.
A small price to pay to combat climate change and make Bill Gates richer. < / sarcasm >
When we start having shortages of aluminum cans - cans used in persevering food - we’ll see major food shortages while crops rot in the fields.
That’s next.
Biden’s insane policies will take down the world - not just the US.
Yep, really pathetic
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