Thursday, October 6, 2022
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HomeBusiness 80% increase in the cost of energy in the UK

80% increase in the cost of energy in the UK

The government’s Office of Energy Market Monitoring in the UK announced that energy costs in the country will increase by 80% from October this year.

Meanwhile, every British household currently spends about £1,971 a year on energy consumption. This figure will rise to £3,549 a year from October this year.

According to Jonathan Brearley, chief executive of Ofgem, the increase could have a huge impact on British citizens. He said that the British government should give more help to households.

He continued that the new prime minister should take more measures to increase prices, especially energy prices.

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