Saturday, June 22

Tag: natural gas

‘UK household energy bills to exceed £5,000 next year’

‘UK household energy bills to exceed £5,000 next year’

economical, economy
This week, the wholesale natural gas prices in the UK have seen a sharp increase, leading to warnings that household energy bills could exceed £5,000 next year. As this situation unfolds, ministerial officials held a meeting with representatives from power companies at Downing Street on Thursday morning to discuss how to address the impact of the rising wholesale energy prices. The primary driver behind this surge is the pressure from Russia, which has affected natural gas supplies to Europe. The increase in wholesale energy prices has raised concerns about the affordability of energy for UK households. It is expected that these rising costs will be passed on to consumers, resulting in higher energy bills. This development has prompted discussions on the need for measures to mitigate th...