Energy price cap in Great Britain to rise by 13% from July

AI Summary

The UK government has announced a 13% increase in the energy price cap for Great Britain, raising the average annual gas and electricity bill to £1,862 from July through September. This rise is attributed to soaring global energy market prices influenced by the conflict involving Iran.

Average gas and electricity bill to jump to £1,862 a year from July until end of September, in part because of Iran war Households will face the steepest rise in energy charges in four years this summer after months of soaring market prices caused the government’s energy price cap for Great Britain to climb by 13%. Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran. Continue reading...