Britain on October 1st raises electricity bills by 80 percent

Amateurs in England, Scotland and Wales, collectively known as Great Britain, will face higher energy bills on October 1st, as the power and gas regulator dealt with the maximum amount suppliers could force consumers.

The regulatory commission announced that after a 54 - percent increase in April, Britain's citizens from October 1st will face an 80 - percent increase in their energy bills. This means that the cost for an average client of 1,971 pounds per year will become 3.549 pounds.

The regulatory commission will approve the next change in the price limit in January to respond to market instability. Earlier, the price limit was revised every six months, writes Anadolu, broadcasts Clankosova.tv.

After the announcement by Ofgem, the regulator faced reactions from concerned citizens who expect the government to present measures to help families during the winter months.

Jonathan Brearley, chief executive of éofgem, said the reduced gas flow levels in Europe from Russia and the rise in global gas prices led to the decision to raise the price limit.

Also in rising energy bills contributed to high inflation and recession threats.

The new prime minister will have to do more to address the impact of price hikes to come in October and next year”, Brearley said.

The price limit, which went into effect since 2019, was implemented to protect customers from high prices, but it led to the loss of many energy suppliers, as they could not reflect rising energy prices on customer bills.

One pounds is equal to $1.18.