Ministers urged to act as households in Great Britain face energy bill ‘anxiety’
Summary
Energy bills in Great Britain are expected to rise by nearly 13% this summer, pushing the average cost to about £1,900. Government officials and experts say the increase is due to higher gas prices caused by tensions in the Middle East and warn that many households will face ongoing high energy costs.Key Facts
- The typical gas and electricity bill is forecast to increase by £209 per year from this summer.
- The increase is linked to the rise in global gas prices after the conflict involving Iran.
- The government’s energy price cap will stay higher than pre-crisis levels into early winter.
- The Treasury announced reduced VAT on attraction tickets and children’s meals to help with living costs but no direct support for energy bills yet.
- Experts say targeted help might be needed for vulnerable households if the price cap doesn't decrease in autumn.
- Ofgem, the energy regulator, may adjust the average energy usage assumptions, affecting how the price cap is calculated.
- The government stated it is focusing on affordable energy and moving towards clean, homegrown power to avoid future crises.
- Uncertainty remains over how much prices will rise this winter, depending on international events like a possible peace deal between the US and Iran.
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